DavidS127
Expert Alumni

Deductions & credits

If TurboTax is asking for a value, the value is $0.

 

The box 2 for your new home purchase should be blank, because there was no balance on this loan as of 1/1/2019. You should leave that box 2 blank in TurboTax (per Learn More link) and be sure to enter the mortgage origination date in box 3.

 

For the second loan on your new house, it should also be blank, and also enter the mortgage origination date in box 3.

 

Note that when another company buys your mortgage it is not a refinance.  So for both the first and second 1098 on the new home, you want to choose answers "No" (Was this loan paid off or refinanced with a different lender in 2019" and "No, this is the original loan I used to buy or build my home".

 

 

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