sold and purchased a house in same year, the loan for old house sold from one lender to another, so I got 3 1098 forms, how can I enter the information in turbotax?
the old house was purchased in Apr 2017, sold in Nov 2022.
the loan refinanced to one lender in July 2021, then sold to another lender in Auguest 2021, but got it back in Mar 2022. From origination date it is overlapped.
on one 1098:
box 1 is $4k, box 2 is $940k, box 3 origination date is 8/4/2021, box 11 acquisition date is 1/3/2022.
another 1098: with 3 months loan outstanding.
box 1 is $20k, box 2 is $930k, box 3 origination date is 7/30/2021, box 11 acquisition date is 3/4/2022.
with 11 months loan outstanding.
for new house 1098 form:
box 1 $20k, box 2 $2.1M, box 3 8/4/2022.
with 5 months loan outstanding
When I enter the 3 1098 forms in turbotax, it shows 3 loans in schedule A duductible home mortgage interest worksheet, the average balance for 1st is $93.5k, 2nd just shows the mortgage amount and no beginng balance or end balance so no average balance; for 3nd, shows $2.07M, then when calculate the total average balance it shows, $93.5 + $2.07M.
should it calculate according to the months loan outstanding? like 93.5k x 11/12 + 2.07M x 5/12?
