I refinanced my home with the same mortgage company and received two 1099's; one for the paid off loan and one for the new loan. The new loan 1099 has block 2 blank?

james-darenkamp · ‎June 4, 2019

PaulaM · ‎June 4, 2019

Enter each 1098 form as it is reported. You can leave the Box 2 (outstanding mortgage principle) blank if your outstanding mortgage principal balance is under $1 million. If it's over that amount, there are limitations to the deduction.

Also, if the new loan was taken out after 1/1/2017, then you can leave it blank.

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PaulaM · ‎June 6, 2019

see edited wording above.

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I refinanced my home with the same mortgage company and received two 1099's; one for the paid off loan and one for the new loan. The new loan 1099 has block 2 blank?