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Entering Excess Home Mortgage Interest with more than four loans in Lacerte

by Lacerte Tax 2023 Updated 11 months ago

Down below we'll discuss how to enter Excess Mortgage Interest for more than four loans on Schedule A in Intuit Lacerte.

To enter the Excess Home Mortgage Interest:

You should start off by printing the Excess Mortgage Worksheet to manually calculate all loans (including the additional loans). From there:

  1. Go to Screen 25, Itemized Deductions.
  2. Scroll down to the Interest section.
  3. Report the total of all loans in the field Home Mortgage interest & Points on Form 1098 [A] (Ctrl+E) (code 21).

It is important to note that Lacerte does not generate any additional columns in excess of four mortgage loans.

Lacerte Tax

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