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March 11, 2021
Question

Why is my mortgage interest missing from the "breakdown of my itemized deductions"?

  • March 11, 2021
  • 1 reply
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Why is the software deleting my mortgage interest?

1 reply

March 11, 2021

If mortgage interest deduction was not included on your itemized deductions, check your answer to the question on form1098 Mortgage Interest Statement "Is the house secured by the loan/" and make sure the answer was "yes". You may claim mortgage interest deduction along with your property taxes on a loan used to buy/build a home up to $750,000 for married filing joint ($375,000 for married filing separate). The home mortgage loan must be secured by the property to qualify for deduction.  

 

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