We refinanced our house and took some cash out las...
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ashley_pldds
Level 1

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?
3 Replies
KrisD15
Expert Alumni

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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ashley_pldds
Level 1

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?

ThomasM125
Employee Tax Expert

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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