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Carolyn A
Level 1
Feb 17, 2023 12:32 AM UTC
Question

Form 1098

I entered the numbers exactly as on my Form 1098 but it gives a message that Outstanding mortgage principal must have a value. The 1098 says $0.00 and that is what I entered. Now it will not allow me to continue!

 

I am not sure what the issue is. Is this a bug in the software?

 

    1 reply

    SantinoD
    SantinoD
    Alumni - Intuit
    Feb 17, 2023 12:58 AM UTC

    If the outstanding principal balance is not on the 1098 Form, you will need this amount to move forward. You can reach out to your mortgage loan provider and see if they can provide you with the outstanding principal balance as of 12/31/2022. 

     

    There are some limitation rules that apply to deducting mortgage interest, so that is why TurboTax needs this info.

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