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Deductions & credits
I have a1098 form ( Mortgage interest -for Home equity line of credit with a zero in box 2 (-Outstanding principal balance. ) When I key in zero in Turbo tax , Turbo wont accept a "0". I called my bank , thought my 1098 form is wrong... and they said in the beginning of the year as of 01/01/2020 the principal balance is zero which they reported in IRS.
If I enter zero in Turbo , I cannot move forward and the message says I have enter a figure not zero.
Please advise, how to mitigate this and move forward in processing my 2020 Income tax.
Thank you.
‎February 17, 2021
5:57 PM