Question

Good morning, I am trying to submit the last 1098 for my refinanced loan with Clearpath Lenders. The 1098 has box 2 empty so I left it blank, but the turbotax program will not let me continue until I

Forum|Forum|6 years ago
February 16, 2020
1 reply
0 views

It wont let me continue until I input a value in Box. What do I do?

TurboTax Free Edition Online

You should put the principal amount you refinanced. The IRS Instructions for Form 1098 has on page 5 this instruction to the lender for completing box 2:

"Enter the amount of outstanding principal on the mortgage as of January 1, 2019. If you originated the mortgage in 2019, enter the mortgage principal as of the date of origination. If you acquired the mortgage in 2019, enter the outstanding mortgage principal as of the date of acquisition."

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"