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July 7, 2020
Question

RV Loan Interest Deduction

  • July 7, 2020
  • 1 reply
  • 0 views

I have interest to deduct for an RV loan (the RV qualifies as a second home. Turbo Tax requires a principal balance amount be entered, but the loan was paid off in 2019. The software will not accept a balance of zero. How do I get past this required field to finish my taxes?

    1 reply

    GiseleD
    July 8, 2020

    Enter the balance of the loan as of 01/01/2019.

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