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Deductions & credits
How should this be entered for multiple 1098s NOT for the same home (ie Home A is sold in April 2023 and home B is bought in June 2023). As others, when I enter the ending principal amount for Home A (as instructed by the software) - $753000 - and the current principle for home B -$565000- TurboTax erroneously sums the principal amounts together and limits the interest deduction amount by more than it should.
‎January 25, 2024
3:35 PM