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jacob2021
New Member

I refinanced with the same lender twice in 2020. When it asks "Was this loan paid off or refinanced with a different lender in 2020?" Do I answer no?

I received 3 1098s from the same lender.
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Accepted Solutions
DMarkM1
Expert Alumni

I refinanced with the same lender twice in 2020. When it asks "Was this loan paid off or refinanced with a different lender in 2020?" Do I answer no?

The first two were paid off and you would answer "Yes" for those entries.  To help get these entries to calculate properly, delete all the 1098s you have entered.  Start with the 1098 for oldest loan and work forward.  Ultimately you will end up with one loan outstanding, the final refinanced loan.    

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1 Reply
DMarkM1
Expert Alumni

I refinanced with the same lender twice in 2020. When it asks "Was this loan paid off or refinanced with a different lender in 2020?" Do I answer no?

The first two were paid off and you would answer "Yes" for those entries.  To help get these entries to calculate properly, delete all the 1098s you have entered.  Start with the 1098 for oldest loan and work forward.  Ultimately you will end up with one loan outstanding, the final refinanced loan.    

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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