I will address each question individually and if you have questions, be sure to reach back to us.
- Yes, you can mention that this was a re-finance of a previous loan. There will be an additional pop up that will appear asking if you used the loan for anything else other than paying off the existing loan, here you will say no.
- As far as the mortgage origination date, use the date listed on the 1098 T.
- Usually the mortgage principal amount is reported as of 12/31. This may vary slightly as of 1/1 so you may wish to verify the correct amount on your January statement.
- You can look at the Ded Home Mortgage form in the forms mode to see how your deduction was calculated.
You may wish to perform your own calculation by looking in Publication 936 on page 11 and see if it follows the same logic as the Ded Home Mortgage worksheet in your return.
@razor5
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