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New Member
posted Feb 12, 2021 4:03:41 PM

Where do I enter my house Value?

It had me enter it somewhere and I believe I entered the wrong amount.

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3 Replies
Expert Alumni
Feb 12, 2021 4:23:25 PM

When entering information for your 1098 'Mortgage Interest Statement' you were asked your Mortgage Interest, outstanding mortgage principal, mortgage origination date, mortgage insurance premiums and Real Estate taxes paid.

 

Is it possible this is the section you remember.

 

The only other instance regarding house value would be in an exchange of property and you may have to provide the Fair Market Value.

Level 2
Mar 6, 2021 4:43:58 PM

I have not sold my house in 2020, I looked thru the Mortgage Interest deduction form/worksheet and No where home value is reported to IRS...so why does TurboTax2020 need my home valuation ? 

 

Expert Alumni
Mar 6, 2021 8:06:12 PM

Some states ask for the home value for a property tax credit.