You will want to
show zero (0) as the year-end balance for the first servicer of the mortgage.
Only show a year-end balance for the current (as of 12/31) servicer of the
mortgage. Be certain to report the correct mortgage interest and, if shown on
Form 1098, real estate taxes paid to/through each loan servicer.
Some users of our
TurboTax Deluxe product are reporting difficulty entering their property taxes.
Should you encounter such an issue, please read the following:
If
you are using the Deluxe version of either TurboTax Online or CD/Download, you
may encounter a problem entering your 2018 property taxes.
To
enter your amounts:
- Go to Deductions &
Credits.
- Scroll to Property Taxes.
For
tax years 2018 through 2025, all state and local taxes, including property
taxes, are capped at $10,000 ($5,000 if married filing separately).
For more information
on property taxes, please refer to:
IRS Pub. 530 Tax Information
for Homeowners
