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How to do you claim mortgage interest on home equity loan for the year if the beginning principal for the year was $0
I opened a home equity loan in 2016. I had a zero balance on on the load at 1/1/2018. However later in that year I took out a loan and paid interest over the year of $1080. My 1098 shows $0 outstanding principal as of 1/1/2018 because of this. When I enter 0 into Turbo tax for the outstanding principal of 1/1/2018, Turbo tax flags the beginning principal. Any suggestion on how to claim the interest for last year?
