I click on the Turbo Tax help (cannot replicate where and "What if I have multiple 1098s related to a refinance done in 2020"
Step 1 - Gather all 1098s
Step 2 Grab calculator and add up interest and enter in TT as Box 1 Mortgage Interest
Step 3 do same calculation for Box 5 Mortgage Insurance Premium
Step 4 do same calculation for for Property Taxes paid.
Step 5 Enter remaining items from the 1098 for the loan that was paid off in 2020 for Outstanding Mortgage Principal (1/1/2020) for Loan paid off (Box 2, Mortgage Origination Date (Box 3) and the check box on box 7 (Address)
Dummy solution solution by TT doesn't calculate an average. In my case, the amount of is below the $750,000 and the Refinances are even less. The Mortgage origination date is original loan date not the refinance date. Regardless, TT should have fixed as this is a continuing problem (2019 posts on same). When I search help for mortgage term a statement comes up that they know they have a problem and are working on it.
I guess earliest mortgage origination date my be right because it would allow for any 'grandfathering of amounts greater than 750,000 to extent permitted by irs code. Doesn't affect me so I am not researching.
