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January 28, 2025
Question

1098 Mortage - High interest

  • January 28, 2025
  • 1 reply
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I have a Single Person that has a loan over 598K. Lacerte is throwing a message for high interest deduction. 

 

I know that you can deduct $750,000 ($375,000 if married filing separately) but i do not see anything for a single person. that we would have to drop down that limit. Since I've had this audit in the past i want to be extra careful now

1 reply

Employee
January 28, 2025
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