turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

carigari
New Member

Where on form does it ask how much I owed on house as of 1/1/19

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DanaB
Expert Alumni

Where on form does it ask how much I owed on house as of 1/1/19

The balance as of 1/1/2019 is not going to be listed on your 1098 form.  You will have to find the balance either on a mortgage statement or by contacting your mortgage lender.  

This information is needed due to the changes in the amount of mortgage interest that can be deducted beginning in the tax year 2018.  If your mortgage is refinanced or more than $750,000, then the ending balance is needed to determine the amount of interest that can be included as a deduction in 2018.

View solution in original post

1 Reply
DanaB
Expert Alumni

Where on form does it ask how much I owed on house as of 1/1/19

The balance as of 1/1/2019 is not going to be listed on your 1098 form.  You will have to find the balance either on a mortgage statement or by contacting your mortgage lender.  

This information is needed due to the changes in the amount of mortgage interest that can be deducted beginning in the tax year 2018.  If your mortgage is refinanced or more than $750,000, then the ending balance is needed to determine the amount of interest that can be included as a deduction in 2018.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies