Question

Mortgage Interest 1098

Forum|Forum|4 years ago
February 17, 2022
1 reply
0 views

How do I write/describe why we are spliting mortgage interest from our 1098form? We are both on home loan and spliting the interest on our seperate returns? Do I list each other's names and social securtiy number to cross reference?

TurboTax Deluxe Online

V

Vanessa A

If we is you and your spouse, you will just split the amounts and enter them. Your social security number is on their return and theirs is on your return. Everything can be cross referenced that way.

If the person you are splitting the mortgage with is not your spouse, After you enter your mortgage lenders name you will come to a screen that says "Do any of these uncommon situations apply to your loan with xx" Select Someone who isn't my spouse co-owns this loan and we only pay a portion of it, then continue to walk through to enter their information and enter your portion of the 1098 information.