Yes, you may claim mortgage interest deduction regardless of the number of lenders as long as the loan does not exceed $750,000 for married filing joint ($350,000 for single filers). The home mortgage loan must be secured by the property to qualify for the deduction. You may try the following steps to enter deductible home mortgage interest:
- Login to Turbo Tax.
- Under Federal Taxes, in Deduction and Credit tab, click "I'll choose what I work on".
- Under " Your 2020 Deduction and Credit", click update or start next to Mortgage Interest, Refinancing, and Insurance.
- Under " Home Loan deduction summary" click edit and enter the lender's information, one at a time.
- Click continue until you get to the screen " Is this loan secured by a property of yours?"
- Click Done.
- The next screen is a question " Do any of the situation apply to you?". Your answer here will determine if your loan exceeded the allowed home mortgage loan amount.
See,can i deduct my mortgage interest?, for additional information.
