Beginning balance is 540K. The balance went up to 1 mil in July and I was then paying it down to 800K at the end of 2020.
I put the number from my 1098 form from the bank to Turbotax. Turbotax did ask if the loan balance exceed 750K. I said yes but I didn't do anything.
The outstanding mortgage principle showed in the form is only 540K which is the beginning balance. I think that is why nothing else was asked in Turbotax
How do I deal with this issue? I asked a live Turbotax expert and she doesn't know how to resolve it.
