Several 1098 forms from lenders who sold my loan, TT wants a balance from all of them.

[RadioActiveLamb]

I have had four lenders in 2022:

Guaranteed Rate (home I sold, closed on 3/2/22

Envoy - (home I purchased, closed on 3/2/22)

RoundPoint - acquired the loan in May 2022 - not a refinance

Fifth Third - acquired the loan in October 2022 - not a refinance

Since our lenders sold our loan to other lenders, I never carried a balance with more than one of them. Turbo Tax is trying to get me to enter an outstanding balance for each loan/lender on 1/1/2023, but complains that a balance is missing a value when I enter a 0 on all but Fifth Third. How do I get past this? 

[NCperson · Accepted solution]

@RadioActiveLamb - make life easy on yourself as this area of TT has always been a headache.  Just enter all the mortgage interest related to the new home on one 1098.  I wouldn't split it up the three 1098's as in this case you did not pay off the loan or refinance it.  (had you done that, my answer would have been different).

List the 1098 for related to the home sold separately. 

The IRS doesn't do matching on these forms, so it won't create any hiccups when you file.... and if you ever get audited, you have the supporting documentation showing that you just summed all 3 together.  

I appreciate some may not see this as the 'kosher' answer, but it is the expedient one with no real risk.  

[RadioActiveLamb]

Thank you for the quick reply.