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Turbo Tax Not Calculating the 1098 Mortgage Interest Deduction Properly when you have a Refi
Turbo Tax Home and Business has a bug in it as it does not calculate the 1098 Mortgage interest deduction in Schedule D properly when you have a refi loan. It limits the interest considerably. I have 3 1098 forms to enter (1 from the loan that is getting refi', 1 from the Refi company, 1 from the bank the refi was transferred to). BTW the original loan bank and the bank the refi was transferred to are the same bank. Therefore 2 of the 1098's are from the same bank. When will this get fixed in Turbo tax.
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‎February 19, 2021
9:22 AM