First I recommend deleting all the forms 1098s and start with a clean slate.
Next enter the original loan 1098 and be sure to answer "No" this is not the latest (most current) form 1098.
Then enter the current loan 1098. Answer "Yes" this is the most current 1098. Answer to indicate it is a refinance and you cashed out and didn't use all the cash on the property.
The amount for the top box "Original Loan" should be $450,000 (from box 2 on the form 1098). The middle box is the amount used to buy, build. improve the property and should be $300,000 used to pay off the original loan. The bottom box is the balance at the end of the year 31 Dec 2021 or 1 Jan 2022 depending on your statements.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
