I have two 1098s for a home loan; one was for the original loan, and the other was for a refinancing that original loan. Both have an outstanding mortgage principal box2

johnnylau56 · ‎February 4, 2020

in Box 2 on both 1098 (one for the original loan and the second as a refi to the first one -- all originated in 2019), do I report both Box 2 from both lenders? Turbotax seems to double count that and upon entering the amount in box 2 of my second 1098, my CA tax liability went up

DianeC958 · ‎February 4, 2020

On the refinanced mortgage Box 2 is asking for the amount of the outstanding balance of the loan as on 01/01/2019. Since the loan did not start until after that the date the amount in Box 2 for the refinanced mortgage should be $0. Once you change that information and have it flow to California it will correct your issue.

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clpedersen7 · ‎March 3, 2020

Did this resolve your issue? I am having the same problem.

KrisD15 · ‎March 6, 2020

Please be sure to select "this loan was sold or paid off in 2019" for the first 1098 (the original loan)

Please enter that 1098 first.

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I have two 1098s for a home loan; one was for the original loan, and the other was for a refinancing that original loan. Both have an outstanding mortgage principal box2

Deductions & credits

Deductions & credits

Deductions & credits