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Level 2
March 29, 2020
Question

What does this mean? "Allocate all mortgage interest, real estate taxes, and mortgage insurance premiums as excess when claiming the standard deduction"

  • March 29, 2020
  • 1 reply
  • 14 views
if i already added the mortgage interest to schedule A for an itemized deduction, do i add it here too?
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1 reply

abctax55
Level 15
March 29, 2020

That's an Office In Home diagnostic... and you shouldn't be entering the same info on the OIH input AND on Sch A (at least, in Lacerte - PTO's big sister).

HumanKind... Be Both