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Average balance of debt
Hi,
We sold our secondary home in Feb. 2021(bought prior to 2017), we sold our primary home in May 2021(bought prior to 2017) and then we bought another primary home in Nov. 2021. 2nd home average balance for the 2 months was 651k and our primary home was 315k. We bought our new home for 662k. Turbo tax is saying my average balance for the year is 1628k but we never had more than 966k in any month. It is adding it all together like I had all 3 at once, but I did not. Either Turbotax needs to fix this or tell me how to fix it. Also, my new mortgage was sold to another lender in Dec. so my points from the original lender does not show up in the new mortgage?
March 27, 2022
9:25 AM