Deductions & credits
Yes, this is working in both desktop and online versions. It is deducting partial amount of itemized deduction of mortgage interest only for loan of assumed value 1,000,000. Make sure you enter both 1098's since there should be two if you refinanced in 2022. Follow these steps:
If you are on your most recent 1098 for new mortgage select Yes; for the other 1098 or first mortgage select no.
Also keep in mind the maximums, According to IRS: You can deduct home mortgage interest on the first $750,000 ($375,000 if married filing separately) of indebtedness. However, higher limitations ($1 million ($500,000 if married filing separately)) apply if you are deducting mortgage interest from indebtedness incurred before December 16, 2017.
