It would be a much simpler fix if the total of the two mortgages was under the $750,000 limit, but the IRS describes two or three (I don’t have it in front of me) methods of determining the average balance for each mortgage and then totaling those figures, while TT simply adds the amounts on the 1098s. The taxpayer using TT should be able to select which of the IRS methods he/she elects to use and then TT should do the math. Having to know about and execute a work-around for either the replacement home issue or refi issue is really unacceptable IMO.
