JotikaT2
Employee Tax Expert

Deductions & credits

You have a couple of options if it is not pulling in correctly.  You can either try entering $1 as the balance so the program pull the calculation through and bypasses the error. 

 

Your other option is to combine the 1098 forms if they show the same balance of the mortgage.  Please see the following link for more guidance on how to do this in TurboTax.

 

Entering multiple 1098s when loan is refinanced

 

The IRS looks at your overall totals and ensures they match the total amounts as reported on your 1098 Forms.  The only time they might question it is if the amounts reported on your income tax return do not match the totals from all of your 1098 Forms.

 

I recommend retaining your 1098 forms with your income tax returns.  Should the taxing agencies request further proof, you will be able to provide them with the tax forms as evidence of your deduction.

 

@Michael128

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"