I had a construction loan in 2021 (Bank #1) that was used through midyear 2022 (less than $750k), because of interest rates I switched to a different Bank (Bank #2) to pay off the construction loan from Bank #1 (Loan still less than $750k), about a month later Bank #3 purchased my Mortgage loan from Bank #2.
So I only had and used 1 amount (less than $750k) for my primary home build at all times during 2022. I of course received 3 1098's and when I enter all three of the 1098's in TurboTax Home and Business Software, it combines all the Loan's which puts me well above the $750k debt limit and severely limits the allowed Mortgage interest deduction on Sch A.
I have read the IRS pub 936 and have gone through Turbo Tax over and over to figure out which is the proper treatment for this case.
TurboTax on the Mortgage Interest worksheet clearly says "only loans marked current on the home mortgage interest worksheet will appear in Part 1 of this form. This is to prevent double counting of debt as part of the deductible loan limit calculation" however, I can't find where the 1098 banks are marked or not marked "current".
There is only 1 current Mortgage and at all times during 2022 there was only 1 current Mortgage for the exact same property.
So what can I do to stop TurboTax from combining them?
