topic Re: Refinancing in Get your taxes done using TurboTax

Refinancing

rjnagamine — Mon, 17 Feb 2020 02:26:56 GMT

We had various loans that we paid off when we refinanced with another bank. As I put in the mortgage interest we paid, they now think that we have loans over 1 million dollars. My new loan has a box to check if this was paid off by another bank but none of the other loans have that option. They are charging me $500 more since I can't fix this problem. Please help.

Re: Refinancing

DMac03 — Mon, 17 Feb 2020 03:39:54 GMT

I'm having the same problem. Help please!!

Re: Refinancing

jdtaylor2150 — Mon, 17 Feb 2020 16:33:36 GMT

I too am having this problem

Re: Refinancing

ramaro8 — Sun, 14 Mar 2021 04:36:31 GMT

I am having the same problem when I enter the Mortgage Interest Statement Form 1098. I refinanced twice this past year and my loan was sold both time, so I received five Form 1098. When I detail all the information, TT thinks my average mortgage loan balance is $1,050,043, when my actually average is approximately $262,00. I sent my file to a tax agent and received a token 781791 based on @AnnetteB6 recommendation.

Re: Refinancing

buttermilktoast — Tue, 30 Mar 2021 06:55:14 GMT

Is this tax agent just a local person who does taxes? I'm having the same problem and am wondering what I can do about this...