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Level 2

Question

I have 2 1098 mortgage forms due to one bank buying my mortgage from the other bank.The Fix Errors step kicks back an error showing the principal paid as a negative ?

Forum|Forum|7 years ago
June 4, 2019
8 replies
29 views

In the Fix Errors step, there is a large Negative Principal Paid amount of -395,000 which is the same figure as the principal balance at year end?

TurboTax Deluxe Online

Level 15

Be sure to enter 0 (zero) as the ending (01/01/2019) balance of the loan that was bought.

make sure Box 2 has the beginning balance of the loan for either

January 1, of the tax year (in this case 01/01/2018)

OR

The balance on the date the loan was originated or transferred if originated or transferred in the tax year (in this case 2018)

[edited 02/11/2019 I 5:34 PM]

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trent5Author

Level 2

That