MonikaK1
Expert Alumni

Deductions & credits

@DawnC is correct; enter the original loan amount in Box 2 for a loan that originated in 2023, even if the lender failed to include it on your form.

 

The IRS instructions for Form 1098, box 2, state:

 

Enter the amount of outstanding principal on the mortgage as of January 1, of the current year. If you originated the mortgage in the current year, enter the mortgage principal as of the date of origination. If you acquired the mortgage in the current year, enter the outstanding mortgage principal as of the date of acquisition.

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