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adavidw
Level 1

I have 3 1098s from refinancing during the year. TurboTax sees them all as not paid off, and won't deduct the full interest because total balance too high. How to fix?

I've checked the box in the interview that the loan was paid off or refinanced during the year, and that box is correct on the TurboTax worksheets.
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DaveF1006
Employee Tax Expert

I have 3 1098s from refinancing during the year. TurboTax sees them all as not paid off, and won't deduct the full interest because total balance too high. How to fix?

Some TurboTax customers are experiencing an issue with their Home Mortgage Average Balance. This can cause in the the Home Mortgage Interest to be incorrectly limited.

 

If you're experiencing  the issue above,  please go here to receive email notifications when any updates related to this issue become available.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
DaveF1006
Employee Tax Expert

I have 3 1098s from refinancing during the year. TurboTax sees them all as not paid off, and won't deduct the full interest because total balance too high. How to fix?

Some TurboTax customers are experiencing an issue with their Home Mortgage Average Balance. This can cause in the the Home Mortgage Interest to be incorrectly limited.

 

If you're experiencing  the issue above,  please go here to receive email notifications when any updates related to this issue become available.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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