Question
Our home was purchased in 2015.
In May of 2024, the loan was transferred from one lender (Lender #1) to a new lender (Lender #2).
In October of 2024 we sold the home.
I received one 1098 from Lender #1 and one from Lender #2.
I have entered both 1098s into TurboTax, indicating that the one from Lender #1 was NOT the most recent 1098 and the one from Lender #2 WAS the most recent.
For each one, TurboTax asks for the "Date loan was paid off".
Right now, I have put the date of the home sale for both Lender #1 and Lender #2.
Is this correct? Even though technically the loan from Lender #1 was paid off by Lender #2 when they purchased the loan?
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