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How do I enter multiple 1098s due to Construction Loan/Mortgage/HELOC?
I have three 1098s - one is for a construction loan, one is for the mortgage the construction loan was converted into, and the last is a HELOC loan. The construction loan was converted into a secured home mortgage within 2 years of the date of the construction loan, and the HELOC was to help pay for the house and improvements on it. From my understanding all three qualify for deducting the interest, but how do I enter all three? Do I combine the construction loan and the home mortgage? And then enter the HELOC separately? Thank you!
‎February 12, 2021
12:25 PM