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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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?
posted
January 25, 20252:27 PM
last updated
January 25, 20252:27 PM
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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?
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?