Should my 1098 show an outstanding principal balance if I paid my home mortgage off in November of 2023 (I have a certified release of lien)?

posted

Connect with an expert

1 Reply

Should my 1098 show an outstanding principal balance if I paid my home mortgage off in November of 2023 (I have a certified release of lien)?

Yes, the date on Form 1098-INT, box 2 refers to the balance on January 1, 2023, not at the end of the year.

This is provided to help you figure out if you can deduct all of your mortgage interest, or if it is limited.

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

Still have questions?