Business Income & Expenses - Mortgage Interest

Forum|Forum|3 years ago
April 26, 2023
1 reply
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I have reached this section of my entries, and TT indicates that "we already know about" the mortgage interest, and states if these records apply to this home office, etc. Then further down that information it shows "Lender, Interest, Include this interest" but there is no information there. Then below that is: "Add another lender". I don't enter the "Personal" info before beginning the "Business" info, so it couldn't be drawn into this information. Also, my prior year information hasn't been transferred into the current year for some reason, so another dead end.

Should I "add another lender"? or flag this page and complete it after entering the information into the "Personal" section? Please advise. Thank you as always for your assistance.

TurboTax Home & Biz Windows

Critter-3

If you only have one home with one mortgage then do NOT add the same info again since it was already entered in the OIH section of the Sch C form.

However if you had another personal residence with a different mortgage on it then this is where you enter it.

K

kare2k13Author

Employee

I do have one home with one mortgage, but the information that Turbo Tax says "we already know" is nothing!! I have attached a screenshot of the page. I have not entered this information in any part of the file yet.

Do I "add another lender" since our lender doesn't appear? the prior year information isn't there and hasn't been transferring from year to year for a couple of years now even though I haven't changed my account information for several years ... please advise. Thank you.