topic 1098 in Deductions & credits

1098

TiFl — Mon, 20 Jan 2025 20:44:55 GMT

Paid off mtg mid year but 1098 shows 6K in principal?

Help have this make sense?

Thank you

AmyC — Tue, 21 Jan 2025 17:50:57 GMT

For the program, enter the $6k as the balance. It won't matter for your tax return or the IRS. You can proceed with your tax return with no issue.

As for the form, your mortgage company issued that so they would need to explain their reasoning.

zomboo — Wed, 22 Jan 2025 21:54:20 GMT

If you are talking about the principle in box 2 of the 1098, that is the principle at the beginning of the year.