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hasey1999
New Member

My mortage was tranferred. I received 2 1098 forms, one for each bank. Since they are for the same loan do I combine the amounts or do I have to enter 2 different forms?

This was a new house purchase.  In Turbotax it seems to ask you to enter one for each loan but since they are the same loan I am not sure if I should just combine them and enter one total 1098?

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MichaelL1
Level 15

My mortage was tranferred. I received 2 1098 forms, one for each bank. Since they are for the same loan do I combine the amounts or do I have to enter 2 different forms?

You will enter this as two separate loans in TurboTax, so it will show in TurboTax as $$ paid to bank A, and also $$ paid to bank B. 

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1 Reply
MichaelL1
Level 15

My mortage was tranferred. I received 2 1098 forms, one for each bank. Since they are for the same loan do I combine the amounts or do I have to enter 2 different forms?

You will enter this as two separate loans in TurboTax, so it will show in TurboTax as $$ paid to bank A, and also $$ paid to bank B. 

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