Question

I have two 1098s for a home loan; one was for the original loan, and the other was for a refinancing that original loan. Both have an outstanding mortgage principal box2

Forum|Forum|6 years ago
February 4, 2020
2 replies
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in Box 2 on both 1098 (one for the original loan and the second as a refi to the first one -- all originated in 2019), do I report both Box 2 from both lenders? Turbotax seems to double count that and upon entering the amount in box 2 of my second 1098, my CA tax liability went up

TurboTax Live Premier Online

D

DianeC958

On the refinanced mortgage Box 2 is asking for the amount of the outstanding balance of the loan as on 01/01/2019. Since the loan did not start until after that the date the amount in Box 2 for the refinanced mortgage should be $0. Once you change that information and have it flow to California it will correct your issue.

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C

clpedersen7

Did this resolve your issue? I am having the same problem.