This sucks.....there are NO clear instructions on how to enter 1098s from a home sold and one purchased in the same year. Maybe I'm missing something but its not even easy to find in the help section !!??
I sold my main home in 2020 and bought a new house - which is also my primary residence.
Why does TT not walk me through this? Instead there are multiple side notes about refinancing (which is equally awkward - adding the amounts together with a "hold up" message).
I entered the 1098 from the home I sold (together with the box 2 mortgage value) and then on a new line, the 1098 info from the home I bought (also with the box 2 value from the 1098) and it didn't deduct all the interest...but this is not clear until you spend a lot of time playing with the numbers (I set both box 2 amounts to 300k to be sure I was below the $750k and hey-ho suddenly my 'tax due' dropped.
This is NOT user friendly or clear at all. @Turbotax please improve this function. I spent extra on the Premier version to avoid this kind of confusion ! It shoulkd be simple and idiot-proof but its not....tempted to go to HR Block where a real person will assist me ! Shouldn't be necessary on a simple situation like moving house.
I remember a few years ago TT used to ask "Did you move house this year?" where did that go?
Disappointed and confused....
