While entering the Form 1098, make sure you have the loan origination date completed and that it is 2017 or earlier. Next, follow the steps below to find the screens to enter the $3,600 that was not used on your main home.
- Select the correct answer for this screen: Was this loan paid off or refinanced with a different lender in 2020?
- When you get to the screen titled: Is this loan a home equity line of credit or a loan you've ever refinanced?
- Answer Yes, this is a loan I've refinanced or a home equity line of credit (HELOC).
- Answer Yes, A mortgage loan that I've refinanced
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Answer Yes, Have you ever pulled cash out from this loan when refinancing it?
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Depending on your answer for number 1 above enter cash, if not Continue to follow the screen prompts to complete this entry.
Once you complete these steps you should have the results to finish your return.
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