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Amortized Points after Loan sold

I refinanced in 2017 and paid points to the lender (Lender1). That lender sold the loan to another bank (Lender2)  just a few months later. In 2018, my TurboTax Home Mortgage Interest Worksheet allowed me to enter *just* the Points information for Lender1 (I paid them no interest in 2018). In 2019, I am receiving the error "Outstanding mortgage principal must have a value" when I try to enter Lender1's information.

If I try to add the Points information to the Lender2 worksheet, it shows the Loan Origination Date of when Lender2 purchased the loan, not the Origination Date associated with the Points paid to Lender1.  Any ideas how I enter this correctly?

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1 Reply
JohnB5677
Expert Alumni

Amortized Points after Loan sold

From your point of view this is still your original loan.  It was not refinanced or changed in any way other than the name of the bank that you pay.  You should use the origination date and points just as they were entered for lender 1.

 

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