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cwsparks
New Member

It is asking for debt on date last secured home mortgage - what is this?

 
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4 Replies
ceezmoney
New Member

It is asking for debt on date last secured home mortgage - what is this?

so whats an example of the answer?

It is asking for debt on date last secured home mortgage - what is this?

Example : you refinanced in May 2011 for a new balance of $145,000 .
That is the debt on the date your mortgage was secured.
ceezmoney
New Member

It is asking for debt on date last secured home mortgage - what is this?

thanks after staring at it and calming down, I figured it out.......Thank you for the quick response fanfare sure it will help future self filers.  All the best.....
MarilynG
Expert Alumni

It is asking for debt on date last secured home mortgage - what is this?

Since the new tax laws have limited the amount of Mortgage Interest you can deduct to loans up to 750K, unless the loan was taken before December 16, 2017, TurboTax asks for the amount of secured debt on your mortgage loans.

Here's more info:

https://ttlc.intuit.com/replies/3300473  

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