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Deductions & credits
Unfortunately, this reply does not solve the problem. I did all of that. This is NOT a refinance, this is just a loan transfer (which mortgage companies do all the time).
But the balance on the loan appears in BOTH of the 1098s I received. So, in order to report the interest I paid, I have to enter both of them. But then the balance on my loan LOOKS like it is double, because I have to fill out all the info for both 1098s. This is a problem if you factor in there is a limit on how much property debt you are allowed to get a deduction on the mortgage interest for.
Thanks for trying to answer it, but this is a case where the software is not programmed correctly to deal with multiple 1098s.
‎April 13, 2025
2:38 PM