Entering mortgage info

Bulldoglime
Bulldoglime Member Posts: 1 Newcomer
in Credits/Deductions

My mortgage was sold to another and when I enter both 1098 my return decreases dramatically. The amounts from each are slightly different as well. I shouldn’t be penalized, I didn’t ask for our mortgage loan to be sold! Thanks for any help!

Answers

  • mgTaxes
    mgTaxes FreeTaxUSA Team Posts: 5

    Does the total interest you paid this year, from both 1098 forms, equal the same amount of interest you paid last year? If so, you should be fine. If the interest is double counted somehow and is twice what you paid last year, you'll need to use the 1098 that more closely matches what you paid last year.

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