Mortgage Interest Limit keeps defaulting to Yes

[pandrew3]

Agreed, but no, there is a balance in that box.

[Carl]

Don't know if that will come back to bite you or not. Per the instructions at https://www.irs.gov/pub/irs-prior/i1098--2020.pdf it clearly states "Enter the amount of outstanding principal on the mortgage as of January 1, 2020."

[jlbrick]

See discussion here: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/bug-with-refinance-on-a-large-mo...

There is a bug with TurboTax around how they handle having multiple 1098s for a single residence.

[Carl]

Works fine for me in a test scenario with the CD version of Home & Business.