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February 6, 2020
Question

I am allowed to deduct interest from two mortgages: my own and my coop building's. Entered both 1098s, but TT only counts one. How can I get it to include both?

  • February 6, 2020
  • 1 reply
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1 reply

February 6, 2020

In your 1098 entries, make sure you indicated that both loans were 'to buy, build or improve my main home' and that neither of the loans 'was a refi or HELOC'.

 

Also indicate that both loans are 'secured by the property'.

 

Click this link for more info on Deducting Mortgage Interest.