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Deductions & credits
If you have multiple 1098's because your bank sold your loan to another bank it can be confusing.
- Report the interest on the first bank loan.
- The balance of the loan will be zero
- Report the interest and information on the second bank
- The balance will be your outstanding balance
- This will still be the original loan (Not a refi or line of credit)
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March 26, 2020
11:09 AM