Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Jsmith592
New Member

Why is turbo tax requiring a loan origination date on my original mortgage lender? I re-financed this loan and there is no origination date listed on my 1098.

 
1 Reply
sampsonmines
New Member

Why is turbo tax requiring a loan origination date on my original mortgage lender? I re-financed this loan and there is no origination date listed on my 1098.

Program wants you to track if at any time you have mortgage loans in excess of $1,000,000 or home equity loans in excess of $100,000 so that you do not deduct interest on the portion of the loans in excess of these figures.  The links tell you if your loan is in excess of this that you will need to do a manual calculation to adjust the amount of interest you can deduct.



IRS Publication 936 - Mortgage Interest (see page 3)

https://www.irs.gov/pub/irs-pdf/p936.pdf


About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v