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Level 2
March 4, 2021
Question

Multiple 1098s and single points amount

  • March 4, 2021
  • 3 replies
  • 10 views

We have 2 1098s from the same mortgage company.  (Refinanced last year).  

The loan is less that the $375K as per the TurboTax instructions.   (Our loan is approx. $162K)

Do I combine the 2 forms or do I list them separately since the loan is less the $375K and/or which of the principal amounts would I use?

Also, we have points on the refinance 1098 and not the initial 1098, what do we do with those?

    3 replies

    Level 15
    March 4, 2021

    You can report interest paid together on one form and include eligible deductible points when asked to do so. 

    swengholmAuthor
    Level 2
    March 4, 2021

    Ok, thanks.  But which principal amount do I use?

    Level 15
    March 4, 2021

    Use the more current one.