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My mortgage was taken over by another company. I received the 1098 by the old mortgage and it shows on line one 4649. Then I received a mortgage Interest Statement- Substitute form 1098 from the new company which shows the amout to be 4572. What should I

 
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Fern
New Member

My mortgage was taken over by another company. I received the 1098 by the old mortgage and it shows on line one 4649. Then I received a mortgage Interest Statement- Substitute form 1098 from the new company which shows the amout to be 4572. What should I

You should first consider if you need to include the Form 1098 from both mortgage companies in your tax return. Ask each company what period of time they are reporting on the tax form.

If you need to add both forms, follow the procedures below.

Select Federal Taxes
Select Deductions and Credits
Scroll down and select Show More at Your Home
Select Start or Revisit at Mortgage Interest, Refinancing and Insurance

Follow the steps below to enter your Form 1098 or information about the first lender. Then select “Add a Lender” – see screenshot below, to add the second lender.

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1 Reply
Fern
New Member

My mortgage was taken over by another company. I received the 1098 by the old mortgage and it shows on line one 4649. Then I received a mortgage Interest Statement- Substitute form 1098 from the new company which shows the amout to be 4572. What should I

You should first consider if you need to include the Form 1098 from both mortgage companies in your tax return. Ask each company what period of time they are reporting on the tax form.

If you need to add both forms, follow the procedures below.

Select Federal Taxes
Select Deductions and Credits
Scroll down and select Show More at Your Home
Select Start or Revisit at Mortgage Interest, Refinancing and Insurance

Follow the steps below to enter your Form 1098 or information about the first lender. Then select “Add a Lender” – see screenshot below, to add the second lender.

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