3 1098s after home refinance
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New Member

3 1098s after home refinance

We refinanced our home in June 2020, and we paid points. We got 3x 1098s, 1x from the old mortgage company with the first half of the years interest, 1x from the new mortgage servicer with the other half of the years interest, and 1x from the mortgage company with 8 days of interest. None of the 1098s show the points.

 

Per the instructions in Turbotax, it looks like I should put in each of the 3x 1098s and another one for the points, is that right?

 

The mortgage is over $375,000.

3 Replies
Employee Tax Expert

3 1098s after home refinance

Please see What do I do if I have multiple 1098s from refinancing my home debt? to enter your 1098 forms.

 

 

For additional information:

 

Possible Itemized Deductions are:

  • Medical and dental costs above and beyond 7.5% of your AGI 
  • State, local, real estate, and personal property taxes ($10,000 limit)
  • Home mortgage interest
  • Charitable donations and gifts

 

Standard deductions for 2020 

  • Single - $12,400 add $1,650 if age 65 or older
  • Married Filing Separately - $12,400 add $1,300 if age 65 or older
  • Married Filing Jointly - $24,800 add $1,300 for each spouse age 65 or older
  • Head of Household - $18,650 add $1,650 if age 65 or older
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New Member

3 1098s after home refinance

If I combine all of the 1098s into 1, then who do I put in as the lender? I have 3 different lender names.

Employee Tax Expert

3 1098s after home refinance

I suggest you post the most recent lender.  They hold the mortgage now and you will have information from them next year.

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