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Too many 1098's?

I refinanced my home on 12/28 and now I have 3 different 1098's 1 from my lender with the mortgage interest paid this year and 2 from the title co. 1 with points paid at closing, and 1 with what looks like 1 house payments worth of interest on principal and no points.  Do I enter all three of these individuals?  Am I supposed to have 3 1098's?
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1 Best answer

Accepted Solutions
PaulaM
Employee Tax Expert

Too many 1098's?

Yes, you can have multiple lender 1098's reporting interest, points or both. Enter them one at time in the Your Home section. To navigate to the section:

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type '1098' in the box, then select GO

You should land on the Mortgage deduction summary page if you have previously entered a 1098. If not, add your 1st 1098. 

After entering your 1st 1098, select the 'Add a lender' button at the bottom of the summary page and repeat steps for the additional 1098 forms. If the same lender is listed on more than one form, differentiate somehow. Ex: Bankfirst and Bankfirst points.

See attached example.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
PaulaM
Employee Tax Expert

Too many 1098's?

Yes, you can have multiple lender 1098's reporting interest, points or both. Enter them one at time in the Your Home section. To navigate to the section:

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type '1098' in the box, then select GO

You should land on the Mortgage deduction summary page if you have previously entered a 1098. If not, add your 1st 1098. 

After entering your 1st 1098, select the 'Add a lender' button at the bottom of the summary page and repeat steps for the additional 1098 forms. If the same lender is listed on more than one form, differentiate somehow. Ex: Bankfirst and Bankfirst points.

See attached example.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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