Mortgage Int Statement (Form 1098) shows a $0.00 balance in box 2 "Outstanding mortgage principal as of 1/1/2018." Turbo Tax will not advance without an amt. Why?
The outstanding principal had been paid off by 1/1/2018, but the HELOC (line of credit) was still in place to be used later, which I did. And it incurred interest for 2018 as shown in box 1 on the Form 1098.
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1 Replies
gwendolynfleming
New Member
Jun 1, 2019 2:17:15 PM
I was instructed by the Turbo Tax representative to put $1 in the box because I couldn't go forward without a number other than"0" in the box. This worked. I put $1 in the box and the program moved forward and I was able to proceed with completing my taxes.