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June 1, 2019
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Why doesnt my mortgage interest show as $0 in itemized deductions when I do a comparision of itemize or standard deduction? I did enter a value earlier.

  • June 1, 2019
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I have entered Interest, taxes, state taxes and other deductions.  Donations, Real estate taxes and state carried over.  Mortgage interest enterd as 0. If it was added, my total would be higher than the standard deduction.  I do see the reversal of any State and real estate over 10K as a negateive already  

Best answer by pk12_2

Note that under the new law, the mortgage interest is limited based on the Principle owed --- only up to 750 K allowed.

1 reply

pk12_2Answer
Employee
June 1, 2019

Note that under the new law, the mortgage interest is limited based on the Principle owed --- only up to 750 K allowed.

nyishomeAuthor
June 1, 2019
My principle is only about $350K.  Not sure why is doesnt carry over