Report the sold home/mortgage Form 1098 separately as your primary home. Then for the 3 loans/Forms 1098 follow these instructions:
- Gather all of your 1098 forms related to your loan being sold.
- Grab a calculator and add together the box 1 amount from each form. Enter the total in TurboTax as Box 1 Mortgage interest.
- Add the Box 5 amount from each form and enter the total as Box 5 Mortgage insurance premiums. (If you weren’t required to pay mortgage insurance, these boxes will be blank on your forms and you won’t enter anything.)
- Add the property tax paid from each form and enter it in the Property (real estate) taxes box.
- Next, finish adding info for boxes 2, 3, 7, and 11 using the Form 1098for the original loan.
You will also report the home purchased in 2021 as your primary and it will now only have 1 1098 reported.
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