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Adding 2nd 1098 mortgage interest is increasing the amount of taxes I owe... this makes no sense! If I put the total under 1 1098, taxes are drastically lower. Bug???
I entered the 2 1098s into Tax Act and amount due decreased after each one like I expected. In Turbo Tax, enter first and it decreases.. enter the 2nd and it jumps back up to where it was before the first one. It has never done with before and I have take no money out during the refinance and I am under the $750,000 limit.
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March 1, 2021
6:13 AM