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Received 2 Form 1098 because loan was sold to another lender. I'm unsure how to answer the questions in this section.

We did a refinance of our home in 2017.   Then in 2018, the loan was sold to another lender.  How to answer question for lender A & B: 1) Was this loan paid off or refinanced with a different lender in 2018? 2) How much do we owe on Jan. 1, 2019? I'm assuming $0 for Lender A as it was sold & Lender B the beginning balance on 1/1/2019. 3) Is this loan a home equity line of credit or loan we've ever refinanced?  

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2 Replies

Received 2 Form 1098 because loan was sold to another lender. I'm unsure how to answer the questions in this section.

You would most likely file both. Each lender received interest payments before and after the loan was sold, so both lenders will be represented.

Received 2 Form 1098 because loan was sold to another lender. I'm unsure how to answer the questions in this section.

Thank you.  I am aware that I need to file both, but I would like to know exactly how to answer the questions I mentioned above.
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