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Deductions & credits
Presumably the reason that they put $375,000 in the help article is that if your balance is below $375,000, you can still enter your two 1098s as they were printed because the total loan balance ($375k + $375k) will be less than $750k and the bug will not affect you.
This help article is a tacit admission that it's easier to enter your two 1098s separately as you received them than it is to create a new synthetic 1098 using a calculator. That's why the recommend that people with lower loan balances do it the easy way. I don't think it's unreasonable to think that *everyone* should be able to do it the easy way.
‎February 9, 2021
3:54 PM