AliciaP1
Expert Alumni

Deductions & credits

No, the information provided by @Leonard Smith does not advise the adding of multiple 1098s from different properties.

 

"When you have more than one Form 1098 with the refinance info and both show the same balance of the mortgage, TurboTax adds the amounts together. And that may lead to a limitation of the deduction because the balance is then overstated. To avoid this, make sure that you're not reporting the same mortgage balance twice."

 

What do I do if I have multiple 1098s from refinancing my home debt?

 

As for the rental property 1098, you can follow the steps at Where do I enter income and expenses from a rental property?

 

 

@Anonymous

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