We relocated and sold our primary house in California on 07/03/2019 (House in California was purchased on 07/2007) this loan was paid off with the sale of the house. The loan amount was 360,000
Then on 08/30/2019 due to work relocation, we purchase a house in Massachusetts, a loan amount of $500,000. For this property in Massachusetts, we have received 2 1098 forms because the loan was sold immediately to another bank with a new mortgage balance of 499,246.00. The original bank
Question 1. Do I have Have to limit the mortgage interest?
Question 2. Turbo Tax is taking as if I have outstanding loans in the amount of $999,246.00, how do I make turbo tax understand that is the same loan for the same property for the federal and also for the state of massachussets.
