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June 29, 2020
Question

I need to know which 1098 to use to answer the question "Is this a loan I've refinanced. I have two 1098 forms.

  • June 29, 2020
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1 reply

June 29, 2020

You answer Yes to this question on the form 1098 for the original loan if you have refinanced the loan.

 

If your 2 forms 1098 are for separate loans, you answer No to the question for both forms 1098.

 

If your loan has been sold or transferred to another bank (without refinancing), you answer No to the question for both forms 1098.

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