paulhey
Returning Member

Deductions & credits

I have a similar, but different situation.

 

We sold and bought a home in September.

 

The sold home was ~$500K in principle.  The purchased home was >$1M, and we have 2 1098's, one from the initial mortgage and one from the back who bought the mortgage.

 

I've played around with "gaming" the tool a couple of different ways, to include combining the 2 1098s on the new purchase, yet it seems to always reduce my deduction no matter how I enter it.

 

Can you please provide guidance so I can get the full - I guess up to $750K - deduction?  Maybe I'm doing something wrong with the sale...don't know.

 

Thanks