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Toon
New Member

My mortgage was sold to another lender and I have 1098 forms from 2 lenders. How do I do for each one?

My mortgage was sold to another lender and I have 1098 forms from 2 lenders. How do I do for each one? Any difference for 2020 filing? 

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3 Replies
KrisD15
Expert Alumni

My mortgage was sold to another lender and I have 1098 forms from 2 lenders. How do I do for each one?

Enter the older one first, select that it was sold during the year, answer the interview questions. 

 

Enter the newer one, follow the interview DO NOT SELECT THAT IT WAS A HELC OR REFINANCE 

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My mortgage was sold to another lender and I have 1098 forms from 2 lenders. How do I do for each one?

How do you answer when it asks about them being the original loan? Are they both considered the original? Not much help in how to answer this, seems to be a common scenario that isn't addressed in the user flow.

JamesG1
Expert Alumni

My mortgage was sold to another lender and I have 1098 forms from 2 lenders. How do I do for each one?

If you click the link What if my loan was bought by another company?

 

The explanation states that "if the loan was bought by another company with the same interest rate and principal amount, this does not count as refinancing your loan.'

 

In your situation, you should not click Yes, this is a loan I've refinanced or a home equity line of credit.

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