Determining mortgage interest to deduct.

[ndkunkler]

We sold a home that had two mortgages on it and paid them off. We have a new mortgage on the home we bought. When entering mortgage interest for the three mortgages we had at some point in 2018, we get a message of "we need to know the principal balance of your loan at the beginning and end of the year. If you paid off your loan this year, we need the balance before you made your final payment." Is this for all three mortgages? Or only the two that were paid off? Or only the current one?

[Ashby · Accepted solution]

It's for the two that were paid off. The current mortgage just needs a year end balance.