jskcpa
Level 2
12-06-2019
07:58 PM
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Thank you, but that won't work. Taxpayers can deduct mortgage interest on up to $1MM of debt on their principal residences. Taxpayers may no longer deduct the interest on equity debt on their federal returns, but they may on their CA returns. I cannot find a place in Lacerte to input the interest on the equity debt so that it will be an addition to mortgage interest on the new Schedule CA of the 540