JohnB5677
Expert Alumni

Get your taxes done using TurboTax

Do not do that.  You must reconcile it in the Step by Step process.

  • The 1098 (s) that were paid off when you got he new loan should show zero as a mortgage balance.
  • That will certainly reduce the amount you owe and may noy trigger the limitation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"