Two 1098 mortgage forms and needing to report "mortgage principal balance as of Dec. 31, 2024".

[bulsona15]

We received two 1098 forms for our mortgage interest this year. Our mortgage was sold at the end of Jan. 2024 and started with the new company in Feb. 2024. Our state (WV) now mandates that filers report mortgage principal balance as of Dec. 31, 2024. Both forms have different amounts for that as there was a transition during the year. As I am entering both forms into the system, I wanted to see for the "Mortgage principal balance as of Dec. 31, 2024" question, do I enter what is reported on the forms (even though the one for Jan. 2024 is technically not the correct ending balance for the year) or should I have the same number? I hope that makes sense. Thank you all for the help!

[LeticiaF1]

The balance that is shown on your 1098 Forms is the balance as of 1/1/2024.  If you need to report the balance as of 12/31/2024, you will need to get the amounts from your mortgage statements or your lender.