Yes, but if you took out the loan during 2023, enter the original amount of the loan. Example, if you took out a $100K on July 7, 2023, the outstanding balance TurboTax is looking for is the full $100K - the balance as of the date you originated the loan (7/7/23). The original mortgage or a loan that you took out in a previous year would use the principal balance as of 01/01/2023 (the box 2 amount)
Box 2 of Form 1098 shows the outstanding principal on the mortgage as of January 1 of the calendar year of the tax form. If the mortgage originated during the calendar year, it shows the mortgage principal as of the date of origination. If the recipient/lender acquired the loan in the calendar year, shows the mortgage principal as of the date of acquisition.
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