Be VERY VERY CAREFUL when entering these 1098's. It is important that you enter them in cronological order starting with the oldest loan first. If entered incorrectly, it's highly probable that your interest deduction will be incorrectly limited.
- 1098 from lender 1
"Was this loan paid off or refinanced with a different lender in 2019?" NO
- 1098 from lender 2
"Was this loan paid off or refinanced with a different lender in 2019?" YES
- 1098 from lender 1 for the refi
"Was this loan paid off or refinanced with a different lender in 2019?" NO
Possible other question is "Was this loan a refi?" YES
So PAY ATTENTION TO THE *EXACT* WORDING of the question.
- 1098 from lender 3
"Was this loan paid off or refinanced with a different lender in 2019?" NO
