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tonedize
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If we refinanced our home loan in 2020 but our new loan is less then $750,000 do we still need to file both of our 1098?

 
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2 Replies
ee-ea
Level 15

If we refinanced our home loan in 2020 but our new loan is less then $750,000 do we still need to file both of our 1098?

Yes , for the benefits of itemizing deductions.

If we refinanced our home loan in 2020 but our new loan is less then $750,000 do we still need to file both of our 1098?

yes you do.  to get proper interest expense deduction. if you did a cash-out refi, some of the interest may not be deductible

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