Cynthiad66
Expert Alumni

Deductions & credits

Yes.  use the information from the first 1098 which as the higher outstanding mortgage principal (box 2) and older mortgage origination date (box 3.

 

The mortgage origination date is the pruchase or acquisition (closing date) when you first purchased your home.  Use the first mortgage.

 

If you have multiple 1098 mortgage forms, you’ll enter them one at a time. After going through the steps with the first one, you can add a lender when you get to the Mortgage deduction summary screen. (In the case of a refinance, it's best to enter the 1098 from your original loan before the 1098 from your refinance.)

But, if they're both from the same lender, and one of them has the “Corrected” checkbox marked at the top, enter the corrected 1098 and discard or shred the other one.

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