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posted May 31, 2019 10:18:23 PM

I have a 1098 form my the bank now that owns my mortgage. I received a substitute 1098 in mail that is from realtor mortgage company. Which do I use?

Realtor mortgage company had my mortgage when I bought the house. Eventually sold it to another bank.

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1 Best answer
Expert Alumni
May 31, 2019 10:18:25 PM

You should use both forms. If I'm understanding you correctly - the substitute 1098 represents your old mortgage company (reporting your interest up to the date the loan was sold) and the 2nd 1098 form represents the new bank (reporting interest from the date the mortgage was sold).

Please comment if that's not the case.

1 Replies
Expert Alumni
May 31, 2019 10:18:25 PM

You should use both forms. If I'm understanding you correctly - the substitute 1098 represents your old mortgage company (reporting your interest up to the date the loan was sold) and the 2nd 1098 form represents the new bank (reporting interest from the date the mortgage was sold).

Please comment if that's not the case.