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F
Fay-fay
June 1, 2019
Question

Do I consider this loan paid off if the loan was sold?

  • June 1, 2019
  • 1 reply
  • 0 views
The loan was a refi with cash out, if that makes a difference.

1 reply

V
Vanessa11_2
Employee
June 1, 2019

Yes, you will enter it as $0 for the first one and then when entering the second 1098 you will still acknowledge that it was a Cash Out Refinance.  Any portion not used to buy, build or substantially improve your home does not count for the interest deduction. 

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F
Fay-fayAuthor
June 1, 2019
Thank you
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