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posted Feb 28, 2021 11:24:01 PM

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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1 Best answer
Expert Alumni
Mar 1, 2021 10:37:10 AM

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.    

1 Replies
Expert Alumni
Mar 1, 2021 10:37:10 AM

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.