Deductions & credits

Hi MaryM428,

I’m confused!  JohnB5677 advised that I enter two 1098:  Original 1098 first, then Refinance 1098.  You advised that I enter one entry.  

You wrote “Use the loan's original 1098 form to add the amounts in Boxes 2, 3, 7, and 11”   

Q1: Does ‘add’ mean to enter?  Box 2 (Outstanding Mortgage Principle) of the Refinance 1098 is more accurate because it was less than the Original 1098.

Q2: Box 3 (Origination Date) Original 1098 = 4/2/2018       Refinance 1098:  4/9/2020.  When I enter 4/2/2018, TT calculated the Discount Points from 2018 which was not correct because the Discount Points was from the Refinance

 

Thank you!