JohnB5677
Employee Tax Expert

Get your taxes done using TurboTax

If you select the (?) to the right of Box 2 it will say: 

 

"What is outstanding mortgage principal?

 

Your outstanding mortgage principal balance is the amount of money you still owe on your home loan.

 

If you took out the loan in 2022, input your original loan balance. If your loan was funded before 2022,  input your balance as of January 1, 2022."

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