Mortgage Sold, How to File

[AdamTurner]

What is the name of your state?
Alabama

Our mortgage was sold during last year. I understand that I will be reporting interest and points for both loans. Will I report the original loan as being paid off? While entering the information in Turbo Tax for the Web it asked if the loan was paid off.

 

[Snipes5]

The loan is not paid off.

Just report the interest from both banks. You still have the same loan, it was just sold to a different lender, ie you send the checks to a different place.

Snipes

 

[AdamTurner]

Thanks Alot!