My home purchase loan was sold to a different vendor, how do I enter both 1098s?

[JoannaB2]

Yes, you can enter mortgage interest deduction regardless of the number of lenders as long as the loan does not exceed $750,000 for married filing joint ($375,000 for married filing separate). The home mortgage loan must be secured by the property to qualify for the deduction. The following are steps to enter deductible home mortgage interest:

1. Login to Turbo Tax.
2. Under Federal Taxes, in Deduction and Credit tab, click "I'll choose what I work on".
3. Under " Your 2020 Deduction and Credit", click update or start next to Mortgage Interest, Refinancing, and Insurance.
4. Under " Home Loan deduction summary" click edit  and enter the lender's information, one at a time.
5. Click continue until you get to the screen " Is this loan secured by a property of yours?" 
6. Click Done.
7. Follow step 1-6 on second mortgage interest statement..

[voltron8791]

Ok.  So I did that, and was doing that, but it wants me to verify the loan balance. The loan was just transferred from one lender to another out of my control.

Where it asks for the balance as of January 1, 2021, do I just enter 0? and then date it was paid off as the date it transferred?

[KrisD15]

Yes, report zero as the ending balance for the loan that was closed.