How do you enter 1098 information for two mortgage companies when one sells the mortgage to another?

[SabrinaD2]

If you have multiple 1098 mortgage forms from refinancing or your lender selling the loan, you’ll enter them in TurboTax one at a time.

• After going through the steps with the first one, you can add a lender when you get to the Your 1098 summary screen in TurboTax Online or the Home loans deduction summary screen in TurboTax Desktop.

For a loan that was sold

When a loan is sold to another lender, it’s not the same as a refinance, but you’ll still need to enter each 1098 separately.

Enter the original (sold) loan first

1. Go to the Did you pay any home loans in 2024? screen, and select Yes.
2. Follow the on-screen instructions to enter the details of your original loan.
3. On the Is this 1098 the most recent for your loan? screen, select No.
4. Answer the remaining on-screen questions about the details of your original loan.

Then enter the 1098 for the new loan

1. On the Your 1098 summary screen, select Add a new 1098.
2. Follow the on-screen instructions to enter the details of your additional 1098.
3. On the Is this 1098 the most recent for this loan screen, answer Yes. This lets us know that we have the most recent loan balance to use for your deduction.
4. Answer the remaining on-screen questions about the details of your original loan.
5. When you're all done, you'll see both of your forms on the Your 1098 summary screen. You can select Done to finish and file your return.