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We bought our house in May 2018 & the loan has been transferred. When asked what the principal balance of the loan was for each, what do we put in the January 1,2018 box?
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Outstanding mortgage principal as of 1/1/2018 is $0 since the loans did not exist on January 1, 2018.
- Form 1098 mortgage interest statement, Box 2. Shows the outstanding mortgage principal on the mortgage as of January 1, 2018.
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