Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Re: How to calculate limit on Mortgage interest on Sch A (1,000,000), when it is also used on F.8829 for Sch C?
How to calculate limit on Mortgage interest on Sch A (1,000,000), when it is also used on F.8829 for Sch C?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
laval650
Level 3
10-11-2022
01:59 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I am not sure how to connect the mortgage interest on Sch A and F. 8829.
I think I first should enter the total mortgage interest on on the home office screen (under Indirect Expenses, Mortgage interest, without any adjustments), and then go to the Sch A screen and enter the info on the Interest - Excess Mortgage Interest -screen. On this screen I should choose Form 2 -Business Use of Home.
Any input is appreciated
I think I first should enter the total mortgage interest on on the home office screen (under Indirect Expenses, Mortgage interest, without any adjustments), and then go to the Sch A screen and enter the info on the Interest - Excess Mortgage Interest -screen. On this screen I should choose Form 2 -Business Use of Home.
Any input is appreciated
Labels
1 Comment 1
George4Tacks
Level 15
10-12-2022
05:42 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Did you see the NOTE in the Schedule A input area?
NOTE: Mortgage related deductions entered below should NOT be entered elsewhere. If using this input section, remove mortgage related deductions from the regular interest section of this screen (above), from the business use of home screen , and from any vacation homes or owner occupied rentals (Sch E screen).
Answers are easy. Questions are hard!
