My home mortgage was sold to a different lender. Should I list the loan balance only for the current lender, or for the original lender as well?

[Cynthiad66]

You should list the balance for the current lender.  Here is a bit more information.

If there is a refi and there was an outstanding mortgage principal listed in both of them on Line 2 on the 1098. When you do put an outstanding balance in both forms, then the program adds them together and if that number is greater than $750k, then it puts you in the category to "limit interest". To get that to go away, you need to go back to the deductions section and click on "edit" mortgage interest statement. Change the line 2 of the mortgage that you no longer owe on (like the one that you refinanced and paid off) to a 0 (zero) because you have refinanced out of that loan and no longer have an "outstanding mortgage principal". Once you change one of them to zero (the one that was paid off by the refinance) then it should no longer pop up with that error at the end when you go to file. 

[EEN2010]

I am having the same issue. I've done as you suggested and gone back to edit Box 2 for my 1098 and receive an error stating "Outstanding mortgage principal must have a value" I have 4, 1098's. I refinanced twice and loan was sold once. TT is calculating the total of all 4, 1098's and putting me above the 750K threshold.

[DaveF1006]

 Here is the best way to enter this. Since we are talking about the same house, combine all four loans into one 1098. Record the new loan balance amount in box 2 and  leave the mortgage originated date the same for the original mortgage.