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Deductions & credits
Ideally, you will enter the forms in the order they occurred. So first delete them all from TurboTax.
Form 1: Original loan Q1 - Yes Q2 - No
Form 2: Refi loan Q1 - Yes Q2 - Yes
Form 3: Loan Purchase Q1- NO Q2 Yes
Having said that, entering multiple Forms 1098 is a known issue. Some TurboTax customers are experiencing an issue with their Home Mortgage Average Balance. This can cause in the the Home Mortgage Interest to be incorrectly limited.
If you're experiencing the issue above, please go here to receive email notifications when any updates related to this issue become available.
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ā€ˇFebruary 4, 2021
1:10 PM