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Deductions & credits
According to turbo tax, here is the way to enter these forms. If you have multiple 1098 mortgage forms, you’ll enter them one at a time. After going through the steps with the first one, you can add a lender when you get to the Mortgage deduction summary screen. in your case, I would enter the 1098 regarding the contstruction loan first and then add the 1098 for the permanent loan.
But, if they're both from the same lender, and one of them has the “Corrected” checkbox marked at the top, enter the corrected 1098 and discard or shred the other one.
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February 23, 2021
7:40 PM