ThomasM125
Expert Alumni

Deductions & credits

You should enter both forms 1098's into TurboTax. The loan origination date is used to determine the maximum loan amount to use in deciding how much of the interest is deductible.

 

If the loan was sold to a new lender, as opposed to being a refinance, then enter the date of the original loan on both entries when asked for that information.

 

Then ending loan balance for both entries needs to be the balance at the end of the year. 

 

The balance of the mortgage at the beginning of the year would be the same amount on both entries.

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