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klmozes
New Member

Where do you enter the mortgage refinance information?

for my main home
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JohnB5677
Expert Alumni

Where do you enter the mortgage refinance information?

When a loan is sold to another lender, it’s not the same as a refinance, but you’ll still need to enter each 1098 separately.

Enter the original (sold) loan first

  1. Under Federal
  2. Deductions & Credits
  3. Did you pay any home loans in 2022? and Continue.
  4. You can either sign in to your financial institution and import your 1098 forms, or select Change how I enter my form.
  5. Next, you can either upload a digital copy or Type it in myself.
  6. Continue through the interview to enter this 1098 exactly as it appears.
  7. Answer the questions, and when you get to the Let's see if this is the most recent form for this loan screen, 
  8. answer No to Is the 1098 you're working on now the most recent for your loan?.
  9. On the next Let's get some details about this loan screen, 
  10. answer Yes to Is this the original loan you used to buy your property?
  11. Select Continue to be taken back to the Your 1098 info so far screen.

Then enter the 1098 for the new loan

  1. Select Add another 1098 and continue through the interview.
  2. Complete your 1098 info exactly as it appears on your form.
  3. On the Let's see if this is the most recent form for this loan screen, 
  4. answer Yes to Is the 1098 you're working on now the most recent for your loan?
  5. On the next Let's get some details about this loan screen
  6. answer Yes to Is this the original loan you used to buy your property? Even though the loan is with a new lender, it's still considered the original loan for this calculation. 
  7. When you're all done, you'll see both your forms on the Your 1098 info so far screen. 
  8. You can Continue through the interview to finish the posting.


 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
JohnB5677
Expert Alumni

Where do you enter the mortgage refinance information?

When a loan is sold to another lender, it’s not the same as a refinance, but you’ll still need to enter each 1098 separately.

Enter the original (sold) loan first

  1. Under Federal
  2. Deductions & Credits
  3. Did you pay any home loans in 2022? and Continue.
  4. You can either sign in to your financial institution and import your 1098 forms, or select Change how I enter my form.
  5. Next, you can either upload a digital copy or Type it in myself.
  6. Continue through the interview to enter this 1098 exactly as it appears.
  7. Answer the questions, and when you get to the Let's see if this is the most recent form for this loan screen, 
  8. answer No to Is the 1098 you're working on now the most recent for your loan?.
  9. On the next Let's get some details about this loan screen, 
  10. answer Yes to Is this the original loan you used to buy your property?
  11. Select Continue to be taken back to the Your 1098 info so far screen.

Then enter the 1098 for the new loan

  1. Select Add another 1098 and continue through the interview.
  2. Complete your 1098 info exactly as it appears on your form.
  3. On the Let's see if this is the most recent form for this loan screen, 
  4. answer Yes to Is the 1098 you're working on now the most recent for your loan?
  5. On the next Let's get some details about this loan screen
  6. answer Yes to Is this the original loan you used to buy your property? Even though the loan is with a new lender, it's still considered the original loan for this calculation. 
  7. When you're all done, you'll see both your forms on the Your 1098 info so far screen. 
  8. You can Continue through the interview to finish the posting.


 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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