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Deductions & credits
Hi there, I am in a similar situation. I purchased my home in Jan 2024 and the mortgage was sold to another bank in July 2024. Both 1098 forms have the original "Points Paid on Purchase of Principacl Residence" (Box 6 on 1098) on them and when syncing them into Turbotax, it essentially doubles the points I paid upon purchase if entered exactly as shown on the 1098 forms.
Do I manually enter "0" for the current mortgage holder's 1098 form? Can you please clarify? Thanks!
Ex.
Mortgage Holder 1: Points paid upon purchase of home (Box 6) = $10,000
Mortgage Holder 2 (current): Also displays points paid upon purchase of home (Box 6) = $10,000
‎February 5, 2025
7:56 AM