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.

59saidi
Returning Member

Where do I find my outstanding mortgage balance?

TT is asking for my outstanding mortgage balance... My monthly mortgage statement only has 'Outstanding principal'. Where or how do I find my outstanding mortgage balance for TT?

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.

4 Replies

Where do I find my outstanding mortgage balance?

outstanding principle and outstanding mortgage balance are similar terms and are used interchangeably, 

Where do I find my outstanding mortgage balance?

TurboTax wants my "outstanding mortgage balance at the end of 2018".

The lender's 1098 for 2018 shows the outstanding mortgage balance as of 1/1/18, but not at the end of the year.

 

What does TurboTax do with the latter amount (i.e., is it critical to be exact)?

I have a  1/11/19 mortgage statement which reads:

Unpaid principal balance
(This is not a payoff amount.)
$<theAmount>

... but I don't think I can use that as an accurate amount.

Any suggestions?

 

thanks

Where do I find my outstanding mortgage balance?

The January 2019 statement is perfect since that is the balance at 12/31

If the mortgage is over $750,000 the interest is limited per new tax law - that is why TT is asking all these questions

Where do I find my outstanding mortgage balance?

Great to know. The mortgage isn't anywhere near $750,000, so that's good to know too. Thanks much.

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