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J
Joan2k
May 11, 2024
Question

Is anyone aware of any fix for Turbo Tax 2024 Deluxe mortgage interest deductions not calculating on Schedule A?

  • May 11, 2024
  • 1 reply
  • 0 views
Expected TT to update software online assist.

1 reply

rjs
rjs
Employee
May 12, 2024

I'm not sure what you mean by "not calculating." If you mean that the mortgage interest deduction does not appear on Schedule A at all, you might have answered a question incorrectly. When TurboTax asked whether the loan is secured by a property of yours, did you answer Yes? If the loan is not secured by a home that you own, the interest is not deductible. A mortgage loan is normally secured by the home that the loan was used to purchase.

 

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