Mortgage Interest (Beginning balance and ending Balance)

[MikeB5]

TT is asking what the outstanding balance of a loan is at January 1st 2025. if paid off in 2024, then balance should be zero as of 1/1/2025. TT won't accept a zero balance? It says to enter the balance on the day you paid it off?

[RobertB4444]

You can't deduct mortgage interest if there is no principal to deduct against.  So enter the final value that the mortgage had when you paid it off to deduct the interest that you paid prior to the payoff.

@MikeB5