lender sold my mortgage to another wells Fargo, i made 1 payment to the wells Fargo in December before the year was over, my question, do i combine the interest from both lenders on the tax form together or is there another way that this is to be done on the tax form !!!!!!
2007-01-11 12:52:04 · 7 answers · asked by robert n 1 in Business & Finance ➔ Taxes ➔ United States
Yes, add both of them together to get your mortgage interest for the year.
The IRS will have received the same form you received so they'll just add up your mortgage interest to see if it jives with what you filed.
2007-01-11 15:05:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Lenders sell loans all of the time. Just combine the 1098's together when you itemize.
2007-01-11 13:00:58 · answer #2 · answered by Steve 6 · 1⤊ 0⤋
just add up your total mortgage interest paid and report it on Schedule A, line 10
2007-01-11 12:59:38 · answer #3 · answered by tma 6 · 0⤊ 0⤋
Combine. They'll be sending you forms that show you how much you paid in for each.
2007-01-11 13:01:38 · answer #4 · answered by Dark Helmet 2 · 1⤊ 0⤋
im fairly certain they just combined interest and not have to itemize your mortage holders
2007-01-11 12:56:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋
combine them
2007-01-11 12:54:24 · answer #6 · answered by John G 4 · 0⤊ 0⤋
yes
2007-01-11 12:55:46 · answer #7 · answered by ? 6 · 0⤊ 0⤋