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Level 1

Question

It is asking for debt on date last secured home mortgage - what is this?

Forum|Forum|7 years ago
June 5, 2019
4 replies
4 views

No text available

TurboTax Premier Windows

Level 2

so whats an example of the answer?

Level 15

Example : you refinanced in May 2011 for a new balance of $145,000 .
That is the debt on the date your mortgage was secured.

Level 2

thanks after staring at it and calming down, I figured it out.......Thank you for the quick response fanfare sure it will help future self filers. All the best.....

Level 15

Since the new tax laws have limited the amount of Mortgage Interest you can deduct to loans up to 750K, unless the loan was taken before December 16, 2017, TurboTax asks for the amount of secured debt on your mortgage loans.

Here's more info:

https://ttlc.intuit.com/replies/3300473

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