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We refinanced our house and took some cash out last year. Three 1095s: our old mortgage, the company we did the refi with (when we paid points), and the new mortgage company it was sold to shortly aft
Shortly thereafter. Which one do we include the points paid? The second, the third, or both? Do we consider the second as paid in full because it was sold to another lender?
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We refinanced our house and took some cash out last year. Three 1095s: our old mortgage, the company we did the refi with (when we paid points), and the new mortgage company it was sold to shortly aft
The points would be on the second 1098, and NO, although the lender sold the loan, it is considered as the same loan to you. It was not paid off.
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We refinanced our house and took some cash out last year. Three 1095s: our old mortgage, the company we did the refi with (when we paid points), and the new mortgage company it was sold to shortly aft
Thank you! So to be clear, we add the points to the Second 1095, not the third, and then next year when we only have one company, we do not include the points, correct?
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We refinanced our house and took some cash out last year. Three 1095s: our old mortgage, the company we did the refi with (when we paid points), and the new mortgage company it was sold to shortly aft
That is correct, you would report the points in TurboTax only in the current tax year.
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