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Deductions & credits
We did our refi in 2020. The first loan was 366k. We refinanced with the same lender and took cash out. The new loan is 430k. Do I still need to combine the 1098 forms? If so...How do I combine box 2? Do I add them together which would make my outstanding mortgage principal 796k? That doesn't make sense to me...Or do I just put the 430k? Very confusing...
March 3, 2021
10:39 AM