The first time I took out a loan was 10/01/14. So I am subject to up to $1m limit. Then the first time I refinanced was in 2016, then again in 2017 and 2018 and 2019 and 2020. Same original loan just refinanced many times on the same property and the mortgage balance decreased.
The first time I refinanced was in 2016. The 1098 in 2016 box 3 = 10/01/14. However in 2018, I refinanced two more times. The first 1098 in 2018 box 3 = 10/01/14 but the second 1098 in 2018 box 3 = 03/20/18. Why did the mortgage origination date change the second time around? It is still the same loan on the same property.
Then in 2019, I refinanced three more times. The first 1098 in 2019 box = 3/20/18 but the second 1098 in 2019 box 3 = 02/05/19 and the third 1098 in 2019 box 3 = 05/01/19. Why did the date change again? Shouldn't box 3 always be 10/01/14 when the original loan was first taken out?
This is confusing because it makes it appear than the loan was taken out after 2018, which would decrease the $1m limit to $750k limit.
