DMarkM1
Expert Alumni

Deductions & credits

First start by revisiting the "Mortgage Interest" topic and deleting all forms 1098 entered and "Done" to ensure a clean slate.

 

Revisit the "Mortgage Interest' topic again and add the original form 1098.  Be sure in the follow on questions you answer: 

 

"Yes" it is the "original" loan

"No" it is not the "most recent" 1098

 

After answering the questions you will arrive at the "Home loan deduction summary" page, do not click "Done" but click "Add a lender"

 

Next enter the second 1098 and be sure to answer

"No" it is not the "original" loan

"Yes" it is the "most recent" 1098

 

This time when you arrive at the "Home Loan deduction summary" page you click "Done"

 

You will then be prompted to enter the payoff information for the first loan and the year-end (31 Dec 2021 or 1 Jan 2022) balance of the outstanding loan.

 

 

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