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Forced to enter a outstanding mortgage principal for HELOC when there is non
Working on my 2020 taxes. We had a HELOC on our house that we sold last year. The HELOC balance both when the HELOC was originally opened and at the beginning of the year was zero. That is also the number on form 1098. In between we used the HELOC to patch the house up before we sold it and obviously the HELOC was paid off at closing. Turbo tax will not accept a zero outstanding balance. It will accept 1 but that is not correct. Sounds like something in the program that needs to be fixed.
‎January 23, 2021
6:20 AM