Question

Refinanced with multiple 1098s

Forum|Forum|5 years ago
March 12, 2021
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I refinanced my mortgage around June of last year with a new lender. I received three 1098s, two of which were from my original lender and the other from my new lender. One of the two from the original lender lists Principal Paid in box 10 and the other has Principal Paid and Property Taxes listed in the box. I do not know how to start or proceed. Also, I took out some cash from the refinance (burrowed more than I owed). I'm not sure how or if this affects things. Any help with getting the documents entered as needed and proceeding from there would be greatly appreciated. Thanks in advance.

fanfare

Employee

start with the 1098 for the oldest loan

answer the questions, and see how it goes.

reply back when you run into trouble.

A lot of people do.

T

tomntobyAuthor

That's what I'm confused about really. The 1098s from the same lender are for the same loan essentially. I had a loan from my original lender when I bought my house. I never refinanced or changed the loan until last year. At that time I refinanced to a new lender. Yet, I have two 1098s from the original lender. I assume I add the associated boxes from each 1098 from the original lender and submit that, but I'm not sure if that's what needs to be done.