I have two 1098s for a home loan; one was for the ...
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New Member

I have two 1098s for a home loan; one was for the original loan, and the other was for a refinancing that original loan. Both have an outstanding mortgage principal box2

in Box 2 on both 1098 (one for the original loan and the second as a refi to the first one -- all originated in 2019), do I report both Box 2 from both lenders?  Turbotax seems to double count that and upon entering the amount in box 2 of my second 1098, my CA tax liability went up
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Expert Alumni

I have two 1098s for a home loan; one was for the original loan, and the other was for a refinancing that original loan. Both have an outstanding mortgage principal box2

On the refinanced mortgage Box 2 is asking for the amount of the outstanding balance of the loan as on 01/01/2019.  Since the loan did not start until after that the date the amount in Box 2 for the refinanced mortgage should be $0.  Once you change that information and have it flow to California it will correct your issue.

 

 

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Level 1

I have two 1098s for a home loan; one was for the original loan, and the other was for a refinancing that original loan. Both have an outstanding mortgage principal box2

Did this resolve your issue? I am having the same problem. 

Employee Tax Expert

I have two 1098s for a home loan; one was for the original loan, and the other was for a refinancing that original loan. Both have an outstanding mortgage principal box2

Please be sure to select "this loan was sold or paid off in 2019" for the first 1098 (the original loan) 

Please enter that 1098 first. 

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