Question

TT not allowing adjustment for Mortgage Interest Limits for Married, filing separately

Forum|Forum|4 years ago
March 9, 2022
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You need to manually adjust the amount entered on the 1098 form so that it is entered on the two returns and totals up to the amount on the 1098. You will have to make these adjustments yourself.

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T

tlcranch95Author

I am now working on the California return and see I was able to put a negative adjustment amount in to lower the claimed interest. But the Federal did not have this. Are you saying to enter a different number than the one printed on the bank form 1098? Thanks

R

RobertB4444

The bank form 1098 has the total mortgage interest paid. If you are going to divide it between two of you you will enter it into TurboTax as though you had each received a 1098 from the bank with two smaller amounts that add up to what the bank sent you. It doesn't have to be split 50 50 but it does have to add up - between the two returns - to the amount the bank reported to you.

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