Deductions & credits

Hi @allenshapiro1 ,

If two different homes, then it is two separate 1098s. 

Let me get your scenario right. 

Home 1 - Sold in 2021 - Lender 1 - Sent a 1098 - Loan Balance 0, as it has been sold.

Home 2 - Purchase in 2021 - Lender 2 - Sent a 1098 - Still Mortgaged and you own.

I'm assuming you are talking about this question here, right?

That is for the same property / same loan. The only reason you would select "no" here is if you got a new 1098 from the new lender on the same Loan / property. Basically a refinance.

So if this is the question you answered no in your scenario, turbotax took full interest of the property that you marked "no" and took 100% deduction VS taking the adjusted deduction for the amount of time you had the property in 2021. 

But if this is not the question you are talking about OR your actual scenario is for the same loan / property being refinanced, OR loan being sold  to another Lender, and you got two 1098s, then you are fine.

Regarding the scenario with Box 5, that if zero or not zero would not affect your return.

And I tried following that suggestion, just the BOX 5 part, and I still get the error.