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?
You'll need to sign in or create an account to connect with an expert.
You can report interest paid together on one form and include eligible deductible points when asked to do so.
Ok, thanks. But which principal amount do I use?
Use the more current one.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
kds66
New Member
wagilmore
New Member
ivod
Level 1
mdolce
Level 1
NoHassleTax
New Member