Question

sold my primary residence in Feb 24 and purchased a new primary residence. received a 1098 for my old and new home. Do I answer yes or no to is it most recent 1098?

Forum|Forum|1 year ago
February 15, 2025
1 reply
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Turbo tax is asking if my old home's 1098 is the most recent. It is for that home, but not overall because I got a 1098 for my new home as well. Do I answer yes or no to "Is this 1098 the most recent for your loan when answering for my old home?

D

DianeW777

It depends. If you do not have a second 1098 for the same loan (home that was sold only), then answer 'Yes' it is the most recent.

How do I know which 1098 is the most recent form?

When buying and selling a home in the same year, you enter both 1098 forms. But you should enter zero in Box 2 for the Outstanding Mortgage Principal of the home loan that is no longer in existence (sold) by the end of the year.

@joemirarchi10

[Edited: 02/15/2025 | 9:32 AM PST]

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