To be clear, I am not talking about "Your portion of mortgage interest" or "Outstanding mortgage principal." I understand those are to be split in half compared to what's on the 1098. What I'm not sure of is if the Original Loan Balance and Balance on Jan 1 should also be split or not. This may be important as if it's the full amount, it's over the $750,000 cap, but if half amount, it is under.
You'll need to sign in or create an account to connect with an expert.
if you are splitting interest enter the full amounts as shown on the 1098, except for the interest you are claiming which should be one half the interest.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jogger23
New Member
BSSE1
Level 1
ranibane0309
Level 2
kristelw55
New Member
Taxes=Slavery
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.