Question

Why is turbo tax adding my mortgage interest deduction to my state and local tax deduction limit of $10,000?

Forum|Forum|6 years ago
March 16, 2020
1 reply
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I have $14k in mortgage interest, and over $10k in SALT (I agree to the $10k limit) but its carrying $0 in mortgage interest over to my schedule A. When I ask how did you calculate my mortgage interest deduction it states "Your $10,000 mortgage deduction comes from adding up your $0 of mortgage interest and the $10,000 limit on state and local taxes for itemized deductions".

Why are those two added together? I can't find a single tax publication that supports that. Yes its my primary residence and balance is less than $750,000.

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A

AnnetteB6

Go back through your mortgage interest section and be sure that you have indicated that the mortgage is secured by your residence. Missing that step would make the mortgage interest not deductible and thus $0 when added to the $10,000 SALT limit.

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