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Deductions & credits
Okay, so I will enter both forms, one for each lender. But my question remains —
do I follow these same instructions for both? https://ttlc.intuit.com/community/loans/help/what-do-i-do-if-i-have-multiple-1098s-from-refinancing-...
So I first enter the 1098 for the original loan. I put the combined totals (from both 1098s) into Box 1, Box 5, and Real Estate Taxes. Then I complete boxes 2, 3, 7, and 11 using the 1098 for the original loan.
Then I enter the 1098 for the refinance loan. Again I put the combined totals (from both 1098s) into Box 1, Box 5, and Real Estate Taxes. Then I complete boxes 2, 3, 7, and 11 using the1098 for the refinanced loan, but instead of using the actual number for box 2, I use 0 instead?
Is that right?
February 28, 2021
1:52 PM