Question

If mortgage was sold to another lender, which box 2-outstanding mortgage principal- from either 1098 should be used (so that TurboTax does not double the principal)?

Forum|Forum|6 years ago
March 4, 2020
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TurboTax Deluxe Online

Both. When you enter the original 1098, you should enter all the information from your form 1098 and you will be asked if this loan was sold or refinanced. You should answer "Yes" and finish the interview for that form. Then enter all the information for the new 1098 and put the loan balance that was sold. Box 11 should have the date the loan was sold as well.

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