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March 12, 2022
Question

Got my 1098 for the house I sold in June 2021. Line 2 (outstanding mortgage principal) has an amount, although that loan is closed out, should I enter the amount or zero?

  • March 12, 2022
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1 reply

LenaH
March 12, 2022

Per the IRS, box 2 should be the amount of principal outstanding on the mortgage as of January 1, 2021. Therefore, enter the amount as written in Box 2. 

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