topic Thanks!! in Deductions & credits

Mortgage sold by lender #1 on same day acquired in 2018 to lender #2. Outstanding balance by first lender at end of year?

ughtaxes — Thu, 06 Jun 2019 08:42:25 GMT

Received 1098 from both lenders. What should be outstanding mortgage balance at end of 2018 for lender #1? Is it zero or is it the amount transferred to lender #2?

The outstanding mortgage balance at end of 2018 for lende...

KrisD — Thu, 06 Jun 2019 08:42:27 GMT

The outstanding mortgage balance at end of 2018 for lender #1 is Zero.

(Don't enter the amount transferred since that would falsely inflate your debt amount)

Thanks!!

ughtaxes — Thu, 06 Jun 2019 08:42:28 GMT

Thanks!!

Thank you for using TurboTax.

KrisD — Thu, 06 Jun 2019 08:42:30 GMT

Thank you for using TurboTax.