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April 14, 2021
Question

How do I find out about points for a mobile home? Why is it not letting me use the interest I paid on the loan?

  • April 14, 2021
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April 14, 2021

You can deduct points and interest paid on the loan taken out to purchase or renovate a mobile home as long as the home is used to secure the loan.

Here's how to enter your mortgage interest statement in TurboTax:

  1. Open or continue your return.
  2. Select Federal and then Deductions & Credits.
  3. Select Your Home and select Mortgage Interest Refinancing
    • You may need to select See all tax breaks to find this section.
  4. Answer Yes to Did you pay any home loans in 2020?
  5. Type name of your mortgage lender.
  6. Follow the instructions to enter the rest of the information on your 1098 form.