ChelsiE2
New Member

Deductions & credits

When your loan is sold during the year, you should receive two Forms 1098.  One should be from the lender who owned the loan on January 1, 2015 and then sold it.  And the other should be from the lender who bought the loan and held it on December 31, 2015.  

Mortgage Interest Expense:

You should enter the amounts for Mortgage Interest Expense from these Forms 1098 separately, entering each number into TurboTax as shown on each form.   Once you enter the first 1098, you'll be able to select "Add a Lender".  Then you'll be able to add the information from the second 1098.

Property Taxes:

The two property tax numbers can be added together and entered as one number into the box next to "Your Main Home" in the property taxes section of TurboTax.