topic Mortgage Payoff in Get your taxes done using TurboTax

Mortgage Payoff

gulsheenk — Sun, 07 Mar 2021 06:53:54 GMT

Does paying off mortgage help with my taxes? If so, where do I enter it in the Turbotax software?

Thanks,

Gulsheen

Re: Mortgage Payoff

xmasbaby0 — Sun, 07 Mar 2021 13:43:01 GMT

No. Paying off your mortgage is not entered on a tax return. Only the mortgage interest paid is entered--so you will only be able to enter any interest paid in 2020, and of course any property taxes, loan origination fees or private mortgage insurance paid in 2020.

Re: Mortgage Payoff

gulsheenk — Sun, 07 Mar 2021 22:30:12 GMT

Thanks, xmasbaby0!

I have already included interest related information.

Best,

Gulsheen