Mortgage/principal balance

[windyhollow5]

I have 2 1098 forms.  In 2024 I had a mortgage with bank #1 from May until April.  Then it was bought/transferred to bank #2.  I am being asked for the Principal balance as of Jan 1 2025 for bank #1.  The only amount I have is line 2 (on 1098) which is Outstanding Mortgage principal.  Additional information I have on bank #1 is under ANNUAL TAX AND INTEREST STATEMENT - Current Payment $ - Ending Balance $ - Principal Applied $.  Are any of these amounts what I need?   So What amount do I put for bank #1 or can I leave it blank?

Bank #2.  I am also being asked the question for the Principal balance as of 01-01-2025. When I go back to the bank form for Jan 4 2025, it gives me Principal $- Interest $ - Remaining Balance $.  Is the Principal balance that is being asked for on the tax form  the Remaining balance?

[SharonD007]

Enter all the information from the first 1099-Mortgage Interest Form  (original loan). Mark that it was sold when TurboTax asks. Next, enter the second 1099-Mortgage Interest Form. Don't enter that the second one was refinanced since the mortgage wasn't refinanced, just sold.

The outstanding mortgage principal will be in box 2 of the current servicer.  There shouldn't be an outstanding mortgage principal for the original servicer since the loan was transferred.

Refer to the TurboTax article How do I handle multiple 1098 mortgage forms in TurboTax Online? for additional information.