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Deductions & credits
Thanks, so does that mean I should calculate the % of the mortgage that relates to the increase and reduce the mortgage interest but that amount? If so, do I need to check the "not as reported on 1098" box?
Additionally, once we refinanced, our mortgage was sold, so we have 3 1098's. I see some conflicting guidance in the FAQ's - some say combine all as one, using the original balance, and some say use whichever lender holds the mortgage as of the end of the year - do you all suggest to load all 3 separately? Or as one combined using the ending lender's name and principal balance (while checking box 11 for the purchase date)?
March 1, 2021
4:37 PM