#1. I am referring to the suggestion "Here is a link with the steps to follow to enter multiple 1098s as a single 1098. "
This is entering false information.
#2. The first solution does not produce the correct results. It adds to 2 mortgage balances and reports them as the average balance. This is wrong. The software has a bug. It then incorrectly calculates the amount of deductible interest by using the ration of 750,000 by the sum of mortgage balances instead of the average(?). How do I know this? Because I studied the worksheet. It should not add the mortgage balances since they were not held concurrently - one was used to pay off the other.
Still waiting for a working solution or fix to this bug.
