sold my primary residence in Feb 24 and purchased a new primary residence. received a 1098 for my old and new home. Do I answer yes or no to is it most recent 1098?

[joemirarchi10]

Turbo tax is asking if my old home's 1098 is the most recent. It is for that home, but not overall because I got a 1098 for my new home as well. Do I answer yes or no to "Is this 1098 the most recent for your loan when answering for my old home?

[DianeW777]

It depends.  If you do not have a second 1098 for the same loan (home that was sold only), then answer 'Yes' it is the most recent.

• How do I know which 1098 is the most recent form?

When buying and selling a home in the same year, you enter both 1098 forms.  But you should enter zero in Box 2 for the Outstanding Mortgage Principal of the home loan that is no longer in existence (sold) by the end of the year.

@joemirarchi10

[Edited: 02/15/2025 | 9:32 AM PST]