I am assuming you mean you did not have a balance until June/July 2019.
Short answer:
You can enter the first loan amount (draw) you first received for box 2.
It is helpful to understand what the TurboTax program is looking for and why.
Lets say your first draw was 25,000 and by the end of the year you take three more draws of 10,000 each.
So the end of year balance is 55,000.
You enter 25,000 for box 2 (01-01-2019) and 55,000 for 12-31-2019 (or 01-01-2020).
The program will ask if you took out cash and what you did with it. As long as you say you used it on your home, the interest will be deductible. This will continue (the program will keep asking if you took cash out and what you did with it) since the loan will continue to increase until the home is completed.
The program will also average the 25,000 beginning loan balance and the 55,000 ending balance to get the yearly acquisition debt average. If the average goes over the 750,000, the interest would be limited.
From this point forward, always bring the balance forward from the previous year so that the program does not think this is new debt (therefore increasing your debt balance).
Even if/when you refinance the construction loan to a conventional mortgage, bring the balance from this loan forward to that new 1098 box 2.
Here is what the IRS has to say:
"Home under construction. You can treat a home under construction as a qualified home
for a period of up to 24 months, but only if it becomes your qualified home at the time it is
ready for occupancy. The 24-month period can start any time on or after the day construction begins."
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