Refinance

Gc26 — Mon, 09 Mar 2026 08:33:13 GMT

Last year I refinanced my house. So I have Two forms from my mortgage. I don’t know which one to use or if I average them out?

Re: Refinance

RobertB4444 — Wed, 09 Mar 2022 22:07:50 GMT

Here is the TurboTax guidance on mortgage interest on a refinanced loan-

Follow these steps to enter your mortgage info:

Gather all of your 1098 forms related to your refinance (the form from your original lender and the form from your new lender).
Grab a calculator and add together the box 1 amount from each form. Enter the total in TurboTax as Box 1 Mortgage interest.
Add the Box 5 amount from each form and enter the total as Box 5 Mortgage insurance premiums. (If you weren’t required to pay mortgage insurance, these boxes will be blank on your forms and you won’t enter anything.)
Add the property tax paid from each form and enter it in the Property (real estate) taxes box.

Next, finish adding info for boxes 2, 3, 7, and 11 using Form 1098 for the original loan.