DMarkM1
Expert Alumni

Deductions & credits

Unless you refinanced or are trying to get the below the $750,000 limit of mortgage debt, then the ending balance is not a factor.  Just enter your form 1098 information and including property tax paid information to get your allowable deductions. Next year you will not have a 1098 to enter if you don't have any outstanding mortgage debt.  You will still be able to enter any property taxes paid.  

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