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Deductions & credits
It is because you entered loan balances in each 1098. For Carmene's solution, combine the two 1098's.
- Enter the original loan balance in the original 1098 in Box 2. Combine the mortgage interest amounts in Box 1. loan origination date should be the date that is on the refinanced 1098.
For saqibali999, combine the three 1098's. Enter the original loan balance in the original 1098 in Box 2 and combine the mortgage interest in Box 1. Use the loan origination date that is in the refinanced 1098.
if you do it in this manner, you won't combine all the mortgages and the original mortgage amount will stay the same. Keep in mind, your property tax deduction is limited to $10K because of the Tax cuts jobs Act in 2017.
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‎April 13, 2021
7:42 PM