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Multiple 1098 forms for same property increases taxes owed
I have two 1098 forms, one from Wells Fargo and one from Quicken Loans. Both are from refinancing the same property. When I entered all my information from Wells Fargo my taxes owed decreased. After I entered my second 1098 for from Quicken Loans my taxes owed increased. The software seems to be adding up the principal loan amount from both forms. I don't want to combine information from both forms into one because that is not a solution. When will Turbo Tax provide a proper fix for this issue? This has been brought up multiple times and the only solution anyone has is to combine the forms. This is not a solution. Its more of hack job and taxes are too serious to provide a hack job solution.
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March 14, 2021
1:26 PM