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Deductions & credits
This seems to contradict the instructions in the On Demand Tax Guidance at the bottom of the page where you enter 1098 boxes. Multiple 1098s related to a Refinance done in 2020 says to "Hold up!" and "Grab a calculator and add the box 1 amount from each form and enter the total in TurboTax as Box 1 Mortgage interest." Are both methods valid and should come to the same result? I think I'd prefer to do what you say here, so that it actually has the info for both origination dates and an unambiguous amount for box 2. Adding a comment or linking to this article would be helpful.
Thanks!
‎February 20, 2021
12:24 PM