My mortgage was sold in 2024 and I received 2 - 1098s. Do I enter the information from both 1098s or just the one from my most recent mortgage company?

[LindaS5247]

You will enter both of them into TurboTax. ‌Enter your Form 1098 from your original loan first and then your second.

After going through the steps with the first one, you can add a lender when you get to the "Your 1098 summary" screen in TurboTax Online or the "Home loans deduction summary" screen in TurboTax Desktop.

Enter the original loan first:

1. Go to the screen that says asks of you paid a home loan in 2024, answer "Yes".
2. Enter your Form 1098 information from your original mortgage.
3. It will ask, "Is this 1098 the most recent for your loan?", Answer No." 
4. Answer the remaining questions regarding your original loan

Enter the second Form 1098 last:

1. On the "Your 1098 summary screen", select "Add a new 1098".
2. Enter the details from your 1098 for the refinanced loan.
3. It will ask, "Is this 1098 the most recent for this loan?"  Answer, "Yes". This lets TurboTax know that this is the most recent loan balance to use for your deduction.
4. On the "Let's get some details about this loan" screen, make sure to  answer "This loan is a refinance of a previous loan".
5. When you see "Thanks, we got all your mortgage info" select Continue.
6. When you're all done, you'll see both of your forms on the "Your 1098 Summary" screen. 
7. You can select Done to finish.

Enter your Form 1098 from your original loan first.  Answer "No" to "Is this the most recent for your loan?"

Click here for How Does Refinancing a Home Affect My Taxes?"

Click here for How Do I Handle Multiple 1098's?