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gulsheenk
Level 5
March 7, 2021
Question

Mortgage Payoff

  • March 7, 2021
  • 1 reply
  • 8 views

Does paying off mortgage help with my taxes? If so, where do I enter it in the Turbotax software?

 

Thanks,

Gulsheen

    1 reply

    X
    Level 15
    xmasbaby0Level 15
    Level 15
    March 7, 2021

    No.   Paying off your mortgage is not entered on a tax return.   Only the mortgage interest paid is entered--so you will only be able to enter any interest paid in 2020, and of course any property taxes, loan origination fees or private mortgage insurance paid in 2020.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    G
    gulsheenkAuthor
    Level 5
    March 7, 2021

    Thanks, xmasbaby0!

     

    I have already included interest related information.

     

    Best,

    Gulsheen

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