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Level 2
March 15, 2022
Question

mortgage interrest

  • March 15, 2022
  • 1 reply
  • 0 views

i have three 1098, due to refinancing.  turbo tax is blowing up with this.

i put the outstanding mortgage balance at 1.0, to get it to accept, however it is limiting the amount of the interest deduction. 

 

tried to call turbo tax for help, can't get through their computer.

1 reply

DMarkM1
Level 15
March 16, 2022

Please clarify what the three forms 1098 represent.  We understand an original loan and a refinance loan, but what is the third one for?  

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Level 2
March 16, 2022

Original loan

broker held mortgage for one month

new loan

3 1098, each showing interest paid and mortgage balance. I had to manipulate the system to get it to show the total mortgage interest.  I could not follow turbo tax. This wails be so much easier, if someone got on the phone and shared a scree. 

Level 2
March 18, 2022

IS ANYONE GOING TO ANSWER MY QUESTIONS ?

 

WHY CAN'T I TALK TO SOMEONE, WOULD HAVE BEEN SO MUCH EASIER ?