RobertB4444
Expert Alumni

Deductions & credits

It's possibly your mortgage balance.  You are only allowed to deduct mortgage interest on your first $750,000 in housing debt.  Any amount over that and the mortgage interest is not deductible.  Since you received two 1098s on the same mortgage it is doubling your mortgage debt.  If this is the problem then just change the amount of debt in box 2 of the 1098 that was sold to a new servicer to zero.  Since it was sold the debt actually was reduced to zero and that is accurate.  That should fix the problem.

 

@davdig 

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