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TurboTax Online Inconsistent in Mortgage Points with Mortgage Transfer
Hello,
I’m using TurboTax Online and am encountering an issue with how mortgage points are handled.
I purchased a home last year with a mortgage exceeding the $750K limit and paid for mortgage points (through seller credit). My mortgage was transferred to a second lender, so I received two 1098 forms:
- The first 1098 (from the original lender) includes the mortgage points.
- The second 1098 (from the new lender) does not list any points.
When I enter the points on the first 1098 (where TurboTax prompts about purchasing points), the prorated total of points and mortgage interest does not reflect the points. However, if I enter the points under the second 1098, the calculation appears correct. I’ve ensured that I marked the second 1098 as the most recent one in both cases.
Am I missing something, or could this be a software bug?
Thank you in advance.
Topics:
March 9, 2025
11:37 AM