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Deductions & credits
If you entered the same mortgage amount in Box 2 for all three 1098's, it is tripling the Mortgage loan balance to a point where it is limiting the interest. My suggestion is to:
- Enter the 1098 from the original lender with a Mortgage Loan Balance reported in Box 2.
- Enter the next two 1098 and put 0 in Box 2.
- This way, your mortgage balance will be the same that was reported by the original lender and your interest and points won't be limited and stays under the $750,000 mortgage limitation balance.
- Respond back and let me know if this works.
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‎February 25, 2021
2:28 PM