Refinance Question

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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

DMarkM1Answer

Alumni - Intuit

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.

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DMarkM1Answer

Alumni - Intuit

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.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"