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I got four 1098 for 2020 on the mortgage of my only home, but turbotax add all four balances on Part 1 item 7 on Ded Home Mort Wks

I had a mortgage of less than 750,000 for my only home, but got four 1098 from different lenders, covering different periods of 2020. One is from the original lender, one is due to refinancing, and the other two are lenders transfered.  After I typed in all 1098, TurboTax is reporting the sum of all the average balances for the four forms instead of the average of these balances in Item 7 Part 1 on Ded Home Mortgage Wks. I've never acquired such a huge amount of debt at any time of the year.  This hugely reduced my deductible mortgage interest in Item 16 Part 2. Please help me fix this.

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2 Replies
ee-ea
Level 15

I got four 1098 for 2020 on the mortgage of my only home, but turbotax add all four balances on Part 1 item 7 on Ded Home Mort Wks

I got four 1098 for 2020 on the mortgage of my only home, but turbotax add all four balances on Part 1 item 7 on Ded Home Mort Wks

I am encountering a similar issue this year, as I assemble our family's returns for Tax Year 2021. When I click on the link that you posted, I get an Access Denied message. Not sure why, but thanks in advance for any guidance that you can provide to me.

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