turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where do I put info on payoff on mortgage?

Sold one house and paid off other house, don’t know where to put info for mortgage payoff
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
rjs
Level 15
Level 15

Where do I put info on payoff on mortgage?

You don't put the mortgage payoff anywhere. It does not affect your tax return.


If you paid off the mortgage before the end of the year, you will have paid less mortgage interest on that house. That will be reflected in the amount of interest shown on the Form 1098 that you get from the lender.

 

Where do I put info on payoff on mortgage?

And what you did with the proceeds from the sale don't matter.  Like payoff a mortgage.  You just report the sale as Sales Price - Cost plus improvements.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question