DaveF1006
Expert Alumni

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:

  1. Enter the 1098 from the original lender with a Mortgage Loan Balance reported in Box 2.
  2. Enter the next two 1098 and put 0 in Box 2. 
  3. 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.
  4. Respond back and let me know if this works.
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