Skip to main content
March 17, 2020
Question

Multiple 1098 due to lender transfer

  • March 17, 2020
  • 1 reply
  • 0 views

My mortgage was sold to twice in 2019. Turbo tax now thinks that I have an average loan balance that exceeds $750,000 and is pushing my default answer to Yes, and pulling my refund down significantly. When in reality I only have one home loan. Am I doing something wrong?

    1 reply

    March 18, 2020

    probably....go back to each 1098 and make sure you answered all the questions correctly.

     

    It might be worth just summing all the 1098's and making believe it was one.  if it's the same mortgage that was just sold and resold, it's not going to change the correct result