Enter home mortgage interest on Schedule A
You can enter home mortgage interest on Schedule A through multiple methods, depending on reporting requirements. Review the following for information on each method.
note
To ensure accuracy, don't use more than 1 method to enter information on Schedule A. If you've already used 1 method to enter the mortgage interest, don't use a different method to enter it again.
Standard data entry
If the home mortgage interest isn't limited or apportioned, use the statements in the
Itemized Deductions
folder, then the Interest Expenses
section on the A
screen to enter.Limits to home mortgage interest
If the taxpayer has to limit their mortgage interest deduction due to the amount or nature of the loans, enter the mortgage interest on the
MortgInt
screen in the Itemized Deductions
folder. Enter data in the Home Mortgage Interest Limitations section to complete the Home Mortgage Interest Limitations Worksheet A and the Mixed Use Mortgage Worksheets in forms view.The
MortgInt
screen is a multi-unit input screen. To enter multiple mortgages, add a unit for each set of mortgage data. To add a unit, right-click on the MortgInt
tab and select Add Unit
.
