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sarona50
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Why does TurboTax need the principal loan balance for the beginning and end of the year?

 
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Why does TurboTax need the principal loan balance for the beginning and end of the year?

There is a limitation on how much the loan balance can be for mortgage interest to be deductible.

The IRS tax code has this rule in it, so to make sure the return is correct, TurboTax has to ask this question.

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Why does TurboTax need the principal loan balance for the beginning and end of the year?

There is a limitation on how much the loan balance can be for mortgage interest to be deductible.

The IRS tax code has this rule in it, so to make sure the return is correct, TurboTax has to ask this question.

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