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- Re: Excess Mortgage Interest
Excess Mortgage Interest
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PHRCPA
Level 3
02-08-2024
01:33 PM
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Is there a Proseries Professional work sheet that will calculate allowable excess mortgage interest for mortgages over$750K?
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2 Comments 2
ljr
Level 8
02-08-2024
01:42 PM
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From schedule A under interest section there should be a quick zoom to home mortgage interest worksheet. There might also be a link from the 1098 input as well.
I've only ever used it once and I had to really manually check the calculation. Don't remember how user friendly it is.
poolcleaner
Level 9
02-08-2024
01:43 PM
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I am surprised that when I went to the form for whom there are necessary calculations, there was no carryover from 2022. It looks as if it may be necessary to delete any affected clients and transfer them again.
