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naidoo123
New Member

My refund went down when i inputted my form 1098, why is that

 
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2 Replies
JotikaT2
Employee Tax Expert

My refund went down when i inputted my form 1098, why is that

It depends.

 

As you enter information into your return, the amount which shows up as a tax refund or liability is an estimate

 

This number will change as you answer more questions or enter additional information.  

 

Once you have entered all of your information, the amount shown as your tax due/refund when you are ready to file should be the amount you need to pay or the amount you are getting back as a refund.

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My refund went down when i inputted my form 1098, why is that

is Box 5 less than Box 1?  if so the net is taxable to you and could cause your refund to go down. 

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