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rettigmark
January 29, 2021
Question

1098

  • January 29, 2021
  • 2 replies
  • 0 views

Due to a refi and creation of trust, we have three 1098 forms all with different payer/borrower/name.  All three for same principal residence.  What should we enter as to not confuse turbo tax and flag at IRS?

 

    2 replies

    KrisD15
    KrisD15
    January 31, 2021

    When you enter the 1098, the TurboTax program allows for you to enter and claim interest from a 1098 even if that 1098 is in a different name. 

     

    Enter the 1098 and continue through the interview. 

    As long as the Taxpayer paid the interest and has an ownership interest in the property. 

     

     

    IRS Pub 936

     

    @rettigmark

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