I don’t know where to find the balance of my mortgage as of 1/1/2019?
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You are receiving
the request for your ending mortgage principal balance due to the change in tax
law related to the mortgage interest deduction. There are now different
mortgage interest deduction limits based upon when the mortgage was originated
and what it was used for, so portions of a mortgage listed may include interest
that is not deductible. Therefore, the ending mortgage balance is needed
to determine the deductible portion of the interest being entered.
You can find your ending mortgage balance information on your statements or by checking with your mortgage company.
Here is more information about the tax law and the provisions for now being able to deduct mortgage interest:
https://ttlc.intuit.com/replies/3300473Still have questions?
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