In order to keep TurboTax from adding the amount of debt together and limiting the mortgage deduction allowed, you will combine the three 1098's.
- Add together the amounts in Box 1 and enter the total as mortgage interest
- Add Together the amounts in Box 5 and enter the total as Mortgage Insurance Premiums
- Add the property tax paid from each form and enter it in the Property (real estate) taxes box
- Use the loan's original 1098 form to add the amounts in Boxes 2, 3, 7, and 11
Multiple 1098's for Refinance
