Question

Home Mortgage interest not transferred from worksheet to Sch A

Forum|Forum|3 years ago
February 19, 2023
4 replies
0 views

I entered home mortgage interest, and it shows on the worksheet, but 0 appears on that line in Sch A. I am taking the standard federal deduction, but the 0 home interest payment carries to the California forms, where I should be able to use the home mortgage interest deduction.

M

MonikaK1

Even if you didn't get your home mortgage interest deduction on Schedule A because you didn't have enough itemized deductions to exceed your standard deduction, TurboTax will automatically transfer the itemized deductions you entered in the Federal return to the California return. Complete the California return interview and answer any applicable questions about items on your Federal return that California may treat differently.

California Schedule CA will display all of the items on your Federal return that result in either an Addition or a Subtraction on your California return. The California standard deductions are lower (Single or married/Registered Domestic Partner (RDP) filing separately $5,202; Married/RDP filing jointly, head of household, or qualifying widow(er) $10,404) than the Federal standard deductions.

Check your entries in the Federal return to confirm that they are all correct. For example, if you entered that your home loan isn't secured by your home, the interest wouldn't be deductible. See here for more information from the IRS.

You can preview your returns before filing to find out how your taxes were calculated. See here for details.

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J

joseflandau

There must be an error in TurboTax software since mortgage interest added in "Easy Steps" does not transfer to Schedule A even if I am eligible for itemized deduction but just inserting mortgage interest in Schedule A manually, by hand , Turbo tax accept that and show no errors at review. Again TurboTax software must have a bug

N

NC25

I'm having the same issue. I tried deleting the mortgage information and re-entering, but still not showing up on Schedule A. Software will not let me adjust schedule A manually, Is this a bug that will be fixed?

G

GSD77

Reply I received :

Hi GSD77,

MichaelG81 (Employee Tax Expert) posted a new reply in Deductions & credits on February 27, 2023 5:17 PM:

Re: Mortgage Interest not Showing on Schedule A

This is a confirmed issue that is actively being resolved. Thank you for your patience. Please click here to sign up for updates when resolved.

@JG532

Removed hyperlinks in order to post

J

jjmcc

I am having this issue as well. Mortgage interest isnt transferring to sch A or being reflected in the tax owed. I see that it is a known problem but when will it be resolved? Obviously, it is time sensitive as I intended to file my taxes this weekend. Can I sign up for updates at least?

G

GSD77

Somewhere in thread there was a hyperlink to sign up for updates. I suggest scrolling.

If you mortgage is simple, that is not subject to any limitations I suspect you could enter interest deduction on Schedule A through OVERRIDE process (right click on box *a on Schedule and override). I do not know if TurboTax will let you file with an override.

Probably will also work with limited mortgage interest deductions from worksheet, but didn't have any in family this year

G

galt

I had issues too with the checkbox with the limited. My principal is under $750k but had refi in 2020 and had no issues for 2020 and 2021 tax season but I can't figure out its checked for Yes on the worksheet since step by step never asked me about using the refi money for spending outside the house principal.

Thanks for tip on override I never knew you could do that but I haven't submitted my taxes yet

B

bmfox11

I had the same problem. I fixed it by toggling to the forms view by clicking the Forms button on the top right. I navigated to Home Interest Worksheet and selected Yes to the question "Is this loan secured by a residence of yours". Turbo Tax had left this question unanswered. The interest was then included in my itemized deductions.

M

MonikaK1

The mortgage interest questionnaire does ask whether the mortgage loan is secured by your property.

Please see this help article for more information on entering the form, and this tax tips article for more information about the form and how it relates to your taxes.

@bmfox11

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