Raystratchen
Returning Member

Deductions & credits

Hello. I have a similar situation and have some additional clarification questions. I also sold a home and bought a new home in 2022 (and have 2 1098s for this), but I also have an additional 1098 from when the loan on our new home was transferred to a different mortgage company (not refinanced). When it asks "When did you make your final payment" for the loan on our new home that was transferred, should I put in the date that the loan was transferred and the outstanding loan balance at the time of transfer?

 

My second question is about the next page when it asks for the 1098 interest adjustment. The sum of the loans on my original (sold) home and new home divided by 2 is well below the $750k limit, so my understanding is that I can include the 1098 interest amounts from all 3 of my 1098s in this field. One of my 1098s also includes points - should I add this amount in here as well?