Question

Mortgage transferred to another servicer

Forum|Forum|1 year ago
February 13, 2025
1 reply
0 views

I just want to have this correct for my 2024 taxes.

My original mortgage servicer switched to another one mid-year. I now have two separate 1098s. Each has interest paid, Do I combine these? How do I handle the outstanding mortgage principal? Is it the current servicer?

This is not a refi.

Thanks.

SharonD007

No, don't combine the 1098 Mortgage Interest Forms. Enter all the information from the first 1099-Mortgage Interest Form (original loan). Mark that it was sold when TurboTax asks. Next, enter the second 1099-Mortgage Interest Form. Don't enter that the second one was refinanced since the mortgage wasn't refinanced, just sold.

The outstanding mortgage principal will be in box 2 of the current servicer. There shouldn't be an outstanding mortgage principal for the original servicer since the loan was transferred.

Refer to the TurboTax article How do I handle multiple 1098 mortgage forms in TurboTax Online? for additional information.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"