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Level 1
posted Feb 14, 2021 2:31:07 PM

Refi'ed primary residence loan. Turbotax help says combine the two relevant 1098s (which resulted in int. deduction more in line w/ last year's). Will this get audited?

When I entered the 1098s separately, I may have messed something up, but the resulting interest deduction was *far* below my deduction last year (on the same house / loan amount).

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1 Replies
Intuit Alumni
Feb 17, 2021 1:28:53 PM

Auditing is completely random, and your particular situation will not raise any red flags. If your total home debt is under $375,000 ($250,000 for married filing separate) there is nothing new for you to do in 2020. Enter each 1098 as you normally would.

 

Please click What do I do if I have multiple 1098s from refinancing my home debt? to learn more.