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

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

Why is this asking for beginning principal on mortgage? this information is not on my 1098

 
Connect with an expert
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.

1 Reply

Why is this asking for beginning principal on mortgage? this information is not on my 1098

It is needed to calculate the deductible part of your interest, in some circumstances.  It should be in the papers you got when you bought the house (which you need to keep as long as you own the house plus 6 years, for situations like this).

If the mortgage balance is less than $750,000, a good guess will be sufficient in most cases.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies