Mortgage interest worksheet

Forum|Forum|6 years ago
December 7, 2019
9 replies
15 views

The home mortgage interest worksheet includes a place to enter points. But in the case where the taxpayer has a new mortgage, points are paid, and the average loan balance is more than $750K, it appears that the worksheet does nothing with the points (doesn't even prorate). This does not make sense.

ProSeries Professional

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Best answer by rbynaker

Hey Frank! Welcome. I think I still have the dummy return I was playing with when we discussed this. Yeah, here's the screenshot. Entries on this line for Points paid don't carry anywhere and they definitely should.

Rick

rbynakerAnswer

Level 13

Hey Frank! Welcome. I think I still have the dummy return I was playing with when we discussed this. Yeah, here's the screenshot. Entries on this line for Points paid don't carry anywhere and they definitely should.

Rick

rbynaker

Level 13

Oh, I probably should find an adult. I'm not sure anyone is working ProSeries forums tonight but I can give @Ashley at Intuit (aka Henry Jr) a shout out and she can tag team someone on this.

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