Skip to main content
January 25, 2025
Question

I have two 1098s for our primary home. When I enter the second one, our tax refund goes down. Both 1098's combined are under the 750K limit, why would this be the case?

  • January 25, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    January 26, 2025

    If the combined balances of both mortgages didn't exceed $750K during the year, all of the interest is deductible on schedule A. Did you sell your primary home and purchase another in 2024?