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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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    Mortgage interest

    MGC94
    Level 7
    ‎03-29-2021 10:56 AM

    Can you deduct mortgage interest on your main home and summer home on the schedule A and just combine the number on line 8a. Thank you 

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    2 Comments 2
    sjrcpa
    Level 15
    ‎03-29-2021 11:05 AM

    Yes if the mortgage balances are within the allowed limit.

    The more I know, the more I don't know.
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    Just-Lisa-Now-
    Level 15
    Level 15
    ‎03-29-2021 11:05 AM
    Youd enter them in the mort int smart worksheet and the software moves the total to line 8a

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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