Carl
Level 15

Investors & landlords

When on the "Report mortgage interest" page I actually have three 1098 forms with mortgage interest. Would I apply the same math you mentioned for prorating the mortgage interest on each individual 1098 form and have three entries on this screen.

You are correct. Point of order here though. It "sounds" like two things happened in 2021.

1) Your mortgage was sold to another lender. Therefore you got a 1098 from the "old" lender, and another from the "new" lender that purchased the mortgage.

2) You refinance the property in 2021.

If I'm not correct on the above, then let me know why you have 3 form 1098's for that property, in chronological order. Also, if you did refinance, it matters if you refinanced with the same lender, or a different lender in 2021 "only" if you show an item in the assets/depreciation screen for an amortized intangible asset. (which would be your financing and/or refinancing fees.)