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Confusing terminology for Mortgage 1098 Refinance
I refinanced this year and I am finding the TT terminology very confusing. I received 2 mortgage interest1098s, one from my original loan which I refinanced (paid off), and one from my new mortgage company.
TT asks "Is this the original loan you took out to purchase the property?"
The two choices below are:
"Yes, this is the original loan I used to buy or build my home"
"No, this is a HELOC or a loan thats been refinanced"
The problem is these answers don't make sense. This is my original loan AND its also a loan thats been refinanced so really both are applicable for my original loan. Then really neither of them are applicable to my new loan. So am I supposed to select its a refinanced loan for the old loan or the new loan?
Thanks!
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‎February 26, 2021
2:29 PM