Any tax experts/accountants?
Mazeroth
Posts: 1,585
I filed my taxes a few weeks ago and just now noticed something. I was paying about $500/month in mortgage interest in 2010 and refinanced in September for a slightly lower rate but at a 30 year instead of my 15 (wife quit her job). I got my 1098 from Bank of America and in box 1 (Mortgage Interest) is $3600. That's what I used for my taxes. Tonight I was cleaning up and found ANOTHER 1098 from Bank of America and this one has $1100 in box 1. Both say 11/20/2010 for date prepared (I refinanced with a different company).
This doesn't make sense to me. I originated the mortgage in 2008 so it's not like I refied with BoA and originated it in 2010 and they are sending me a 1098 for initial interest and after a refinance.
Any ideas? Doing the math, there's no way I paid $4700 in interest for the first 8 months. I just can't figure out why they sent two 1098s with different numbers.
Thanks in advance.
This doesn't make sense to me. I originated the mortgage in 2008 so it's not like I refied with BoA and originated it in 2010 and they are sending me a 1098 for initial interest and after a refinance.
Any ideas? Doing the math, there's no way I paid $4700 in interest for the first 8 months. I just can't figure out why they sent two 1098s with different numbers.
Thanks in advance.
Post edited by Mazeroth on
Comments
-
Ignore. I am an idiot. I figured it out.
