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What can I do if my ex-husbands SSN is on the mortgage 1098 but I solely pay the mortgage? IRS has flagged this on 2014 return. How can avoid this on future returns?

Forum|Forum|7 years ago
June 6, 2019
2 replies
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Wells Fargo will not let me change any info on the loan. Re-financing is not an option so I am looking for the correct way to avoid getting flagged every year by the IRS until the loan can be re-financed.

Best answer by bwa

You can enter mortgage interest in two ways, and there is a line in Turbotax and on IRS's Schedule A itemized deductions for both.

Way 1: Enter it as mortgage interest on Form 1098
Way 2: Enter it as mortgage interest not on Form 1098.

The IRS only addresses the first name and SSN listed on a Form 1098. If yours is the second name listed, enter it as mortgage interest not on Form 1098. That way, the IRS won't try to match it with a Form 1098 that doesn't list you as the first listed borrower.

S

SweetieJean

Employee

Does your divorce decree say anything about this? Do you in the home that has that mortgage? Were you still married on 12/31/2014?

B

bwaAnswer

Employee

You can enter mortgage interest in two ways, and there is a line in Turbotax and on IRS's Schedule A itemized deductions for both.

Way 1: Enter it as mortgage interest on Form 1098
Way 2: Enter it as mortgage interest not on Form 1098.

The IRS only addresses the first name and SSN listed on a Form 1098. If yours is the second name listed, enter it as mortgage interest not on Form 1098. That way, the IRS won't try to match it with a Form 1098 that doesn't list you as the first listed borrower.