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April 15, 2025
Question

2024 Mortgage Interest Calculation

  • April 15, 2025
  • 1 reply
  • 0 views

We entered the 1098 information from our loan

 

I look at the worksheet for this HOME MORTGAGE INTEREST WORKSHEET

 

All looks ok, with no real line for what is going to be put on SCHEDULE A line 8a 

 

The line on SCHEDULE A is about 50% of what is the real interest from th 1098

 

I try to override and it seems not the change the tax owed and I can not electronic file.

 

We are qualifying for itemized deductions.

 

Mortgage is not over the 750k limit, etc.  I can not find any discussion why this is happening.

 

TurboTax Products Tax Year 2024 on MAC DELUXE 2024.r25.036 Apr 2, 2025 at 12:54:59 AM

 

Thanks

 

    1 reply

    LindaS5247
    April 15, 2025

    Do you have a worksheet in your forms that is called "Deductible Home Mortgage Interest Worksheet"? It shows how your mortgage interest was limited. It is not the same as the "Home Interest Worksheet".

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