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Deductions & credits
Enter the Form 1098 information just as you received it. With a new mortgage, box 2 will show the amount at the origination of the loan. Then, if your mortgage interest needs to be reduced due to your total outstanding mortgage amount, there will be a follow-up question after all mortgage 1098s have been entered that will ask for the ending balance of your mortgage so that the average balance can be calculated.
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‎April 12, 2025
6:14 AM