Question

3 1098s after home refinance

Forum|Forum|5 years ago
February 20, 2021
1 reply
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We refinanced our home in June 2020, and we paid points. We got 3x 1098s, 1x from the old mortgage company with the first half of the years interest, 1x from the new mortgage servicer with the other half of the years interest, and 1x from the mortgage company with 8 days of interest. None of the 1098s show the points.

Per the instructions in Turbotax, it looks like I should put in each of the 3x 1098s and another one for the points, is that right?

The mortgage is over $375,000.

Please see What do I do if I have multiple 1098s from refinancing my home debt? to enter your 1098 forms.

For additional information:

Possible Itemized Deductions are:

Medical and dental costs above and beyond 7.5% of your AGI
State, local, real estate, and personal property taxes ($10,000 limit)
Home mortgage interest
Charitable donations and gifts

Standard deductions for 2020

Single - $12,400 add $1,650 if age 65 or older
Married Filing Separately - $12,400 add $1,300 if age 65 or older
Married Filing Jointly - $24,800 add $1,300 for each spouse age 65 or older
Head of Household - $18,650 add $1,650 if age 65 or older

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UnevenSnailAuthor

If I combine all of the 1098s into 1, then who do I put in as the lender? I have 3 different lender names.

I suggest you post the most recent lender. They hold the mortgage now and you will have information from them next year.

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