Hi DanaB27
Thank you for your reply. I use turboxtax premier, so i tried to follow your direction in this software.
In turbo tax premier, after i entered the 2nd 1098. I proceed to the question
"Is this the original loan you took out to purchase this property?"
it gave me 2 choices.
1. Yes, this is the original loan I used to buy or build my home
2. No, this is the home equity line of credit (HELOC) or a loan that's been refinanced.
according to your suggestion in step9, i should choose option 2.
When I choose this option2, The software says
"Great. So which type of loan is it?
1. A mortgage loan that I've refinanced
2. A home equity line of credit(HELOC)
I choose option 1. it proceed to ask me if i took any cash out of it.
I said NO.
then this was completed.
Using this approach, when i look at the state portion, it still list my loan as almost double my actual loan
amount.
I don't think this works. My software is up to date.
Frank
