jtrem714
New Member

Mortgage Interest Deduction with Almost Identical 1098's

I have a private mortgage from a close friend and his family. They both loaned 50/50 on the property.

 

I received two 1098's from them. One from my friend and the other from the Family Trust.

 

The problem is number-wise since they are carbon copies and TurboTax keeps tagging it as a duplicate. Then it was telling me that I can't deduct the full amount because I'm limited. 

 

I was able to get it to apply the full amount of interest by selecting that it wasn't the last 1098 received for the loan. 

 

Still have the issue of telling me its a duplicate in review, but I can override it. 

 

Did I go about entering this the correct way?