Why would I manually calculate and enter the totals as instructed if I'm also loading my refi 1098 in? The system then totals everything and it's too much.
If you have a form 1098 for a loan on a home you own and in 2020 you refinanced that loan and therefore received a 2nd (or more) form 1098 here are the procedures for entering those forms into TurboTax.
1. Delete all previously entered forms 1098 to get a clean slate.
2. Enter the lender identification information from the latest (refi) form 1098.
3. Total the box 1s from both (all) of the 1098s and enter in box 1 Mortgage interest in TurboTax
4. Total the box 5s from both (all) of the 1098s and enter in box 5 in TurboTax
6. Total the property taxes paid from both (all) of the forms 1098 and enter in the property tax box in TurboTax
7. Enter the information into boxes 2, 3, 7 and 11 in TurboTax as applicable from the original loan 1098 only
If you have other loans not related to these you need to enter those as separate form 1098s
Here is a link for reference if needed.
I should add that my mortgage was refinanced for over $375k. So I should only upload the refi 1098 and not the original loan 1098? And then manually enter the totals from both forms in 1, 5, and property taxes? And then info from just the original loan 1098 in 2, 3, 7 and 11? Thanks in advance for this last clarification!