I sold my primary residence as I was relocating for my career mid 2024. I received a 1098 for that house from the mortgage servicing company.
I closed on my new residence on October 20th and on October 30th, it was sold to a new servicing company, which happened to be the same company I had for my previous mortgage. I received two 1098s for this mortgage, one from the original servicer and one from the current servicer.
TurboTax is telling me that my mortgage interest deduction may be limited.
I combined the two 1098 for my current residence to simplify that portion. However, I think it's trying to include the now closed mortgage (zero balance) from my previous residence to bring me over the $750,000 limit. Neither mortgage is above that limit on its own. How can I rectify this? Should I be adding the mortgages together and dividing by .5? That would still be well below the $750,000 threshold.