I have 2 1098 forms. Box 11 is marked on my new lender 1098 and not on the original/old lender 1098. Should I enter the info or leave it blank?

Forum|Forum|5 years ago
April 8, 2021
1 reply
0 views

If I understand correctly, I should combine the information from both 1098's for box 1 & 5. I'm not sure if information for box 11 should come from the original or new loan. The original does NOT have an acquisition date but the new 1 does. Thank you.

TurboTax Deluxe Online

mglauner

If your combined home debt is under $750,000 ($750,000 for married filing jointly and $375,000 for married filing separately), there's nothing new for you to do in 2020. Enter each 1098 as you normally would.

Leave Mortgage Origination Date blank on your first 1098 entry if it is blank on your form, but you could also enter your original mortgage date.

Click this link for more info on How to Enter Mortgage Interest.

However, if your Home Debt is Over $750,000 for Married Filing Jointly and $375,000 for Married Filing Separately, click this link for more info on a Workaround for Limited Home Mortgage Interest.