rajsesh
New Member

Turbotax Home Loan Deduction calculation error?

Home Loan Deduction issue

I refinanced in Apr 2020 from Lender A to Lender B through Lender B0. I entered the 1098 statement from Lender A and Lender B and tax deduction for the mortgage interest paid were calculated correctly. However,
When I add additional lender Lender B0 1098 info and enter mortgage interest paid in the form, the federal tax due is going up. Lender B0 just originated the refinancing loan and transferred the loan to Lender B. Why would tax due go up when i enter mortgage interest paid to additional lender instead of tax due going down as this should have higher tax deduction?