@bilalabubakr2741
Thank you for your response. If I repeat the process twice, my total outstanding mortgage would be $800,000. However, this would mean that I had borrowed $400,000 from each lender, which is not the case as my house is valued at $400,000.
@bilalabubakr2741
Thank you for the informative video. I have a question regarding my two 1098 forms. I purchased my house in March 2022 and received two forms from two different lenders. Boxes 2 and 3 are identical on both forms. Please advise me on how to enter these 1098 forms in TurboTax correctly. Thank you.
@mikemdtproductions7963
Hi Justin your video has been very helpful to me in my situation thank you very much, but I still have a concern, my son and I we bought a home in 08/2022 both of us are in the deedI i the only one who received the 1098 form with my name and SSN, so we decided that I will be the one who is claiming the credits this year, I will enter the 1098 information in my tax return but in his tax return how do I answer the question “ Did you pay any loans in 2022? in turbo tax if I select “ No “turbo tax doesn’t ask me for any 1098 if I select “ yes “turbo tax will ask me for 1098 information can I just enter zeros in his 1098 information would you give me an advice thank you.
@edalphagc5261
Thank you for your video very well explained. One question. Can I deduct business property tax, mortgage interest?
@beelao5755
What happen if me and my wife name is on the 1098 form but we file "married file separately"? Thanks.
@megankelly4311
I received 2 1098 forms because the orginal loan was sold to another lender. Both the forms have points in box 6 with same dollar amount. Do I enter the same points amount twice in turbotax by having 2 different 1098 forms for different lender.
@NumberCrunchNerds