I asked a question about this earlier but now have more details. I received two 1098's this year because I refinanced a mortgage. Even though I am inputting that the 1st mortgage was paid off in July, Turbotax is averaging the avg loan balance to be the combined mortgages even though one refinanced the other. Because of this, Turbotax is only applying approximately 55% of the total mortage deduction I should have because it thinks my balance is $1.35mm instead of 675k. Does somebody know how to fix this issue? I have never had this issue before and I have used turbotax for years and refinanced numerous times.
