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Turbo Tax Question: Multiple 1098 with home sale & purchase same year. Mortgage Interest isn't working correctly
In 2024
-Sold a home in May with a mortgage of $408,000 which I paid interest from Jan - May
-Purchased a home in August with a mortgage of $720,000 which I paid interest from August - December
Even if I put in that the first mortgage is paid off in May, it is calculating the interest payments and limiting it as if there are 2 mortgages. How do I handle this in Turbo Tax?
‎April 8, 2025
12:46 PM