That's a robotic cut and paste answer that is tone deaf. There is a calculation error for multiple 1098's. It adds the principle amounts together which is wrong! You have to average the principle over each month. For a loan with only a December payment, you get to use zero for 11 months. So instead of a 1,000,000 principle, it is 1,000,000 divided by 12. So no limitation applies. That's in the IRS guidance for how you can choose to calculate the average principle.
It's super easy. Get it together! Tax ACT works, and I'm about a day from just filing with them despite being with Turbo Tax since I owned an ancient MacPlus.
