Refinance Question

[gw18]

I refinanced my home in April 2022. So I had 2 loans in 2022 (both were refinance). In TurboTax, as I put in the information of the loan that I had for 3 months (paid off in April when I refinanced with a different lender),  it asks what the balance is on my mortgage loan on December 31, 2022. Do I enter the balance of the loan that was paid off in April, or the balance of the new loan?

thanks

[DMarkM1 · Accepted solution]

You will enter the payoff amount and date of the payoff.  This provides an ending balance for that first loan in order to calculate an average balance.