topic I have entered 2 1098 form where we had refinanced our original loan. Do i just enter the newest one or the both of them in Deductions & credits

I have entered 2 1098 form where we had refinanced our original loan. Do i just enter the newest one or the both of them

b-1dee — Mon, 09 Mar 2026 06:11:11 GMT

My original loan 02/24/2017 was by Dovenmuehle. We now have US Bank since 06/24/2021. Do I need to include both? Does one fall off when i finished this ?

Re: I have entered 2 1098 form where we had refinanced our original loan. Do i just enter the newest one or the both of them

Carl — Sun, 13 Feb 2022 17:24:44 GMT

you enter the 1098 for the old loan first. Then when you enter the 2nd one make sure you select the option to indicate that this is a refi.

Re: I have entered 2 1098 form where we had refinanced our original loan. Do i just enter the new...

HelenC12 — Sun, 13 Feb 2022 17:25:44 GMT

You should combine all of the 1098s directly related to the refinance and enter it as one 1098. You'll receive two 1098 forms, one from your original loan and one from your refinance. Follow these instructions to enter the combined amounts in TurboTax. TurboTax will drop the mortgage lender you no longer have next tax season.

When you refinance your home, you may be able to deduct:

Re: I have entered 2 1098 form where we had refinanced our original loan. Do i just enter the new...

Carl — Sun, 13 Feb 2022 17:54:07 GMT

You should combine all of the 1098s directly related to the refinance and enter it as one 1098.

Don't do this. Not enough information was provided to just make this blanket statement.

Won't work out right if the refi was with a different lender. Even if with the same lender, you have different loan origination dates, and for all we know there may have been a cash out which makes the amount reported in box 2 of each 1098, different. Additionally, the cash out amount if not used to "buy, build or improve" the property reduces the amount of interest that can be claimed/deducted on the refi loan.