Form 1098

[ckhatcher]

I received a 1098 Form from my bank, where I have a home equity loan.  However, Turbottax asks for the Item 2 on the form, Outstanding Mortgage Principal.  THis item is BLANK on my 1098.  What do I do?  TurboTax will not let it go blank.  

[TomK100]

Box 2 on the 1098 Mortgage Interest Statement is for the outstanding mortgage principal balance as of January 1st of that tax year, or if you acquired your mortgage at some point during the year, that box could be blank... In this case you would just need to "enter the outstanding mortgage principal as of the date of acquisition".