My mortgage was taken over by another company and I have two 1098 forms.

[kpotoka]

What is the appropriate way to enter these forms, the points are recorded on one and the outstanding mortgage on the other, both contain information relating to the same loan.

[MichaelMc · Accepted solution]

This is not an uncommon situation. TurboTax will allow you to enter information from multiple Forms 1098.

• Open your tax return in TurboTax and click on the Federal Taxes tab;
• Select Deductions & Credits;
• Click the "I'll choose what I work on" button.

Follow the interview, entering all the data from one Form 1098. After you have finished, when you reach the screen that says "Home Loan Deduction Summary," click on the "Add a Lender" button, and repeat the interview to enter the information from the second Form 1098.

[SteveE59]

TurboTax is applying the amortized points for the entire year to each lender.  How can I prevent double reporting of deductible points?