Thanks for your guidance!
So I entered the current mortgage loan information into Turbotax matching exactly what is stated on its 1098 form.
For the construction loan:
- I wrote "$0" for outstanding mortgage principal in Box 2
- used the older construction loan mortgage origination date in Box 3
- check Box 7 like it shows on the 1098
- Answered "yes" to the question: was this loan paid off or refinanced with a different lender in2020
The refund went up to reflect the deduction for the interest I paid during the construction phase.
Is that what you were saying you would have done if you could go back?
