Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Feb 26, 2021 3:51:26 PM

I refinanced my mortgage with the same lender. I have two 1098. How to answer the question: "Is this loan a home equity line of credit or a loan you've ever refinanced?"

0 1 290
1 Best answer
Expert Alumni
Feb 26, 2021 4:51:40 PM

The first loan was an original loan used to buy the home. The second loan was a refinance of the first loan. On the second mortgage, you would answer yes.

1 Replies
Expert Alumni
Feb 26, 2021 4:51:40 PM

The first loan was an original loan used to buy the home. The second loan was a refinance of the first loan. On the second mortgage, you would answer yes.