There is no known bug for Mortgage Deduction for Tax Year 2021. Depending on your situation there are a couple of ways to handle this.
- If you took the mortgage out during 2021 the amount in Box 2 should be 0 and the date of the mortgage needs to be in Box 3.
- If you sold a home and paid off the mortgage and purchased a new mortgage Box 2 for the mortgage you sold should have the balance as of 1/1/2021 in Box 2 and the loan date in Box 3.
- Box 2 amount on your new home purchase should be blank because there was no balance on this loan as of 1/1/2021. You should leave that box 2 blank in TurboTax and be sure to enter the mortgage origination date in box 3.
- If you have a 1098 and you still have the loan, you need to put the balance as of 1/1/2021 in Box 2. If your 1098 is blank you will want to contact your mortgage company and ask for a corrected 1098 or get the amount that should be in Box 2. You may be able to determine this amount if you can log into your mortgage account online.
