@Alhuggins I received the following update from TurboTax:
You are receiving this email because you signed up on a TurboTax support article regarding “Why is my home mortgage interest being limited?”
We have added some in-program help to assist with the entering of your home mortgage information. We also have a new support article on our support site with more information on how your home mortgage information should be entered.
Please review your home mortgage information in the program.
How do I handle multiple 1098 mortgage forms?
TurboTax update has been released resolving this issue. If you are usingTurboTax Online, updates are applied automatically. If you are using TurboTax Desktop, make sure you download and install the latest update. If you need assistance with updating, please refer to the following support article.
How to Update TurboTax
https://ttlc.intuit.com/questions/1901183
Thanks for your patience.
Sincerely,
The TurboTax Help Team
Looks like TurboTax is calling the issue resolved. However, when I logged back into the mortgage interest section in TurboTax online, nothing had actually changed. So I just set the paid off mortgages to to $1 principal balance as suggested by @DianeW777 and that worked for the interest calculation. Not sure whether there will be any issues in acceptance of the returns since the principle balances entered will not agree to the 1098 forms. We shall see! 😉
