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February 5, 2021
Question

How do I add more 1098 mortgage interest forms?

  • February 5, 2021
  • 1 reply
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I have 4 1098.s but was only able to enter 2 of them, how do I get back to add them and how do I add them

1 reply

February 5, 2021

Yes, you may claim mortgage interest deduction regardless of the number of lenders as long as the loan does not exceed $750,000, married filing joint ($375,000, married filing separate). You may follow the steps below to enter add another 1098:

  1. Login to Turbo Tax.
  2. Under Federal Taxes, in Deduction and Credit tab, click "I'll choose what I work on".
  3. Under " Your 2020 Deduction and Credit", click update or start next to Mortgage Interest, Refinancing, and Insurance.
  4. Under " Home Loan deduction summary" click edit  and enter the lender's information, one at a time.
  5. Click continue until you get to the screen " Is this loan secured by a property of yours?" 
  6. Click Done.
  7. The next screen is a question " Do any of the situation apply to you?".