bhatiavn
Returning Member

Get your taxes done using TurboTax

Hello,

 

I refinanced my mortgage in 2020 and I'm also finding it very confusing to handle multiple 1098s in TurboTax due to the refinance as the TurboTax instructions leave out several nuances. I followed the instructions to combine the two 1098s, used the original bank name, but then am stuck at this screen below. My thought was to write in the payoff loan amount and the date my new bank paid off the loan to my old bank, but this doesn't feel right given the labels for these fields make it sound like my mortgage has been paid off (it hasn't - only the original bank was paid off by my new bank who did the refinance). Can you/anybody confirm if I'm doing this correctly or correct me if I'm wrong?

 

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