DianeW777
Expert Alumni

Deductions & credits

It depends.  Since you have a situation where the mortgage was sold you must follow the instruction below so that TurboTax carries the full amount of the points to Schedule A. 

  • Enter the points from the first 1098 on the second 1098. Indicate that the first 1098 is not the 'most recent'. This will avoid problems with your total mortgage balance exceeding the limit (assuming it is at or below $750,000 ($1 million before 2018).

You should enter the balance of the mortgage on the second 1098 or if as you indicated you combined them without issue, you can complete the return this way.  You have all the documents should you need them later.

Review the tax return before filing to be sure all are included if you itemize deductions. 

@nrp13 

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