How do I handle multiple 1098 forms in TurboTax Desktop?

If you refinanced your mortgage or your lender sold your mortgage loan, you’ll get multiple 1098 forms. TurboTax Desktop will have you enter them one at a time, starting with the original loan.

Note: If both loans are from the same lender and one of the 1098s has the “Corrected” checkbox marked at the top, enter the corrected form.

To enter Form 1098 for a mortgage loan that was sold or refinanced:

1. Sign in to TurboTax Desktop and start or open your tax return.
2. Select the Federal Taxes tab, then Deductions & Credits.
3. Under Your Home, select Start or Update next to Mortgage Interest, Points, Refinancing, and Insurance. Answer the questions on the screens that follow.
4. When asked about any points paid, check the options that apply. Points info can be found on the closing statement from your lender.
   • Generally, the points can be deducted in the year paid or can be spread (amortized) over the life of your loan. But when you get a new loan, points from the old loan can be deducted in full if amortized. You can also start spreading out the payments of any new points you paid when you refinanced.
5. When asked if this is the most recent 1098 form, answer No.
6. On the Home loans deduction summary, select Add a Lender. Enter the information for the second loan and answer the questions that follow.
7. When asked if this is the most recent 1098 form, answer Yes for the second loan.