BeeGee
Level 2
02-15-2022
01:09 PM
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My client have two Form 1098 because he refinanced: Please help me how to enter into Part 1 - Home Mortgage Loan Information. Thank you.
1.
Mortgage Interest paid $13,102.25
Outstanding principal - $500,000
Mortgage Origination Date 01/14/2021
2.
Mortgage Interest paid $2,198.00
Outstanding principal - $436,899.16
Mortgage Origination Date 05/26/2017
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sjrcpa
Level 15
02-15-2022
01:20 PM
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What did the client do with the extra ($500K-$436K) refinance proceeds?
The more I know the more I don’t know.
BeeGee
Level 2
02-15-2022
01:25 PM
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The $436K was the old balance and when it was refinanced, the new balance became $500K. It's the same mortgage company. Thanks.
