Thanks Critter-3 for your response. I tried to follow your suggestion but still no help. I deleted all my mortgage related entries. When I enter entry for Loan 1, it asks for whether this loan was original loan to buy home
Loan1:
Q: Yes, this is the original loan I used to buy or build my home
Q: No, this is a home equity line of credit, or loan that's been refinanced
I selected first option. I did not get option whether loan was paid off in 2019 as you suggested. So, I went to the forms and changed (9) Check this box if you refinanced your loan wit a different lender (I checked the box), And in worksheet section (D) Date the loan was paid off, I put the date 03/06/2019
I save and restart turbo tax just to ensure turbo tax recalculates my taxes. After I restart, and go over my earlier entry again, now I see a new page one of the question on the page is "This loan was paid off or refinanced with a different lender in 2019" with checkbox selected. Which directly represents that my changes in forms took effect. Not sure why this question was not asked when I initially entered the loan 1 detail.
In the same way I entered the detail of loan 2, except I selected No for this question and once again edited the form as I did for Loan 1 and set the loan payoff date.
Loan2:
Q: Yes, this is the original loan I used to buy or build my home
Q: No, this is a home equity line of credit, or loan that's been refinanced
Finally, I deleted both Loan 1 and Loan 2 again and this time I started with "No" answer for above question for Loan 1, but as far as average loan balance is concerned nothing is changed in either approach.
