What do I do? I filled all the 1098 boxes from both forms into TurboTax exactly as they are listed. I know the answer isn’t 0 as I tried that and it just reduced most of my refund and I’m completely done already with fed/state so I know that’s not right.
Same situation, but different lender after the refinance in the middle of the year. Added both 1098 forms and got the same error. On the "Check This Entry" screen it says: "Limited interest and points must be entered." with a field titled: Limit Int/points on 1098. Looking at the form view below the error right above the field in question it says. "Does your mortgage interest need to be limited: and it is marked "Yes". It should be No, but cannot edit the form view in the online version.
Please help! @support
Same here, tried multiple times. Turbo tax is combining them as if two separate mortgages and pushing me over the 750,000. Looks like this is a bug in the software. I see many people complaining about the same issue, even going back to last year. Some workarounds have been suggested, but I’m not comfortable falsifying my 1098 inputs.
TurboTax FIX THIS GLITCH!
I'm getting the same error as well. If anyone finds a workaround please let me know!
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Limited interest and points must be entered
Thank You for your patience.
Note that your mortgage interest and property tax might not change your total tax refund. It will only change if your total itemized deductions exceeds your standard deduction. In the TurboTax program, when you enter itemized deductions such as mortgage interest, property taxes, medical expenses, charitable contributions, all of these items are added together. Unless the total of itemized deductions exceeds the standard deduction for your filing status, you would not see any change in tax due or refund. You should receive a Form 1098 which reflects the mortgage interest, points or property taxes you actually paid.