Question

I entered $17,806.00 of Mortgage Interest from my 1098. The itemized deduction section in 8a is only showing $14,205. Why would these be different?

Forum|Forum|5 years ago
March 22, 2021
1 reply
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I refi'd mortgage during 2020 and received two 1098's. One was for $6,349.25 and the other for 11,457.39

TurboTax Premier Online

You may be mortgage interest may be limited because your loan balance is more than $850K. This may have been because you reported the mortgage balances on both 1098's. If this was the case, combine both 1098's and report the current loan balance for the amount to report in Box 2. Also report the loan origination date as the date that is recorded on the refinanced 1098.

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