I have two 1098 as previous lender transferred mortgage to new lender. Now in new lender box 2 the balance is as of date 01/01/2019. For the new lender the balance (obviously lower) is on the transfer date. The issue is here cause box 2 "learn more" says in turbotax
Your outstanding mortgage principal balance is the amount of money you still owe on your home loan. If you took out the loan after January 1, 2019, then leave this field blank.
Now i am not sure what to include cause if i include the actual loan balance on 01/01/2019 for both 1098 its incorrectly giving me a lower return. I am getting proper return only when keeping the box 2 in the new mortgage lender empty. However turbotax flags it as "Review this 1098" and also does not show its interest in total interest paid. However somehow accurately calculates a higher return. Pls advise what to include in this box 2 for second mortgage
