I sold a home in one state and bought a new home in another state in 2019. I received a 1098 for the sold home which was a loan refinance 12/6/2017, no money taken out. Home originally purchased with mortgage 6/9/2005. Sold the Home 9/17/2019.
I bought a new home on 6/19/2019 before my old home sold. That loan was sold to another bank after 1 mortgage payment so I have 2 1098s from that loan.
Both homes were my primary residence in 2019, moving one to another.
When I put all 3 1098s into turbo tax, initially it says I can deduct all, but on the next section "Do any of these situations apply to you?" Other than maybe the overlap of the loans they do not. When I select "no" it FORCES the selection of "Yes" and I loose all of the Mortgage deduction. Federal Refund goes from $3700 to owing $2000. Schedule A says "0" mortgage deduction.
It doesn't make any sense that I should loose ALL the deductible mortgage interest. Do I need to find an accountant or can you folks give me a work around.
THanks
Scott
