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March 12, 2024
Question

Can I report data from 2 different 1098's from 2 different institutions?

  • March 12, 2024
  • 1 reply
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I sold a home and bought another, so I received 2 form 1098's.

1 reply

KrisD15
March 12, 2024

Yes, but that section is tricky. 

Enter the oldest one first, report that it was paid off. 

Enter the newer one, be sure to say that it is an ORIGINAL LOAN not refinanced. 

 

Hopefully the mortgage balance was never over the limit. TurboTax is not able to average the balance if that is needed to claim all the interest however you are given a chance to over-ride the interest claimed if necessary. 

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