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Get your taxes done using TurboTax
It looks like that there may have been an error in inputting your 1098 into TurboTax. If you took no cash out when your refinanced your home, you should not get the second series of questions. You may want to delete your 1098 and re-input it into TurboTax.
The second set of questions is to help you figure out what amount of interest you are eligible to take if you used part of your refinance funds for something other than your principal residence.
If you did refinance your home and use the funds for something other than your residence, then you will need to answer the second section of questions. On this screen, TurboTax is asking about your original loan amount as it will compute your tax deductible interest.
I hope this helps!
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March 11, 2020
2:10 PM
7,073 Views