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.

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
.
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