- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I apologize. I see you are working in the software and not the online version as this does work in that version.
- To test this, I enter the information in my Turbo Tax program, combining the two 1098's of $838K for your sold home and $644,000 for the new home.
- After entering the information and viewing the home Loan Deduction Summary
- The next page said We need a bit more information to wrap up this Deduction.
- In this screen, I labeled your house sold as Gershwin and the second as Mozart (you can tell I like classical music). For the house sold, I entered the mortgage balance of $838K and the date it was sold. Entered 0.00 for the house you currently own.
- This seemed to pass the test. Here is what the screenshot looks like.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 1, 2021
3:37 PM