Two 1098 Forms Receive

[BeeGee]

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

[sjrcpa]

What did the client do with the extra ($500K-$436K) refinance proceeds?

[BeeGee]

The $436K was the old balance and when it was refinanced, the new balance became $500K.  It's the same mortgage company. Thanks.

[abctax55]

@BeeGee 

You need to answer Susan's question as to WHAT was done with the cash taken out with the refinance.