Deductions & credits
Hi,
I followed the exact instructions provided (Mac desktop version) and am not getting the expected result. The tooltip needs a LOT more clarity. I'm also getting confused as there seems to be conflicting information being provided in different threads. Can you please assist?
I received 4 total 1098's as a result of 2 refi's and 1 loan transfer.
- Do I select the checkbox that says "The interest amount is different than what's on my 1098"? The instructions are telling me to input a number that doesn't match the 1098 and that makes me uncomfortable.
- If we have 2 refi's, then I understand that we are supposed to input the second refi as a separate "Lender". Can you confirm whether we are supposed to put $1 into Box 2 ("Outstanding Mortgage Principal) or we put the actual Box 2 value as it's shown on the second refi's 1098? (doing the latter is following the tooltip instruction, but gives me an incorrect refund number)
- I understand for each refinance we are supposed to combine the mortgage interest from both 1098's together and input the interest paid associated with the original lender. What do we do with the 1098 for the refi lender? Do we input information for that with $0 for interest paid or just omit inputting it entirely? Seems odd to not input a form at all?
Thanks in advance
