My 1098 for an HELOC has an amount in box 2 of $0.00 (which is correct), however, Turbo Tax will not accept $0 as a value in that box. How should I proceed?
This is a line of credit that had a $0 balance at the beginning of 2018. We borrowed from it during 2018, paid interest and received a 1098 from the lender.
01889
1 Best answer
JulieR
Expert Alumni
Jun 1, 2019 10:43:27 AM
In this case, enter the total amount you borrowed from the HELOC in 2018. TurboTax is just looking for an opening outstanding balance.
1 Replies
JulieR
Expert Alumni
Jun 1, 2019 10:43:27 AM
In this case, enter the total amount you borrowed from the HELOC in 2018. TurboTax is just looking for an opening outstanding balance.