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March 11, 2021
Question

My mortgage was new and sold. How do I answer: "Was this loan paid off or refinanced with a different lender in 2020?" Yes or No?

  • March 11, 2021
  • 1 reply
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Mortgage was sold to Northwest on 11/20/2020.

1 reply

March 11, 2021

It was not paid off or refinanced.  See also this TurboTax Help.

 

Does your mortgage loan debt exceed $750,000?  The debt can not exceed $750,000 in order to get the full mortgage interest deduction.

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