Difficulty moving forward. I refinanced my primary home in July 2021 and received two 1098's. I also purchased another home which settled at the end of Oct 2021 and received a 1098 from the associated lender. After entering the data from all 3 mortgage entities and conducting a Turbo-tax review I am led to the Form 1099-B Capital Asset Sales Worksheet requesting the date the primary property (property 1) was sold. The primary home has not been sold and I am unable to indicate that the property has not been sold and there is no Capital Gain associated with the property. How can I proceed?
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To proceed, let's double-check your entries for the three 1098s you have:
Please note that if the total of your Outstanding Mortgage Principal exceeds $750,000 TurboTax may trigger an error with regards to the mortgage interest deduction. The worksheet for this is estimated to be available on February 17, 2022.
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