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New Member
posted Jan 25, 2025 2:27:20 PM

I have two 1098s for our primary home. When I enter the second one, our tax refund goes down. Both 1098's combined are under the 750K limit, why would this be the case?

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1 Replies
Level 7
Jan 26, 2025 12:32:56 AM

If the combined balances of both mortgages didn't exceed $750K during the year, all of the interest is deductible on schedule A. Did you sell your primary home and purchase another in 2024?