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M
meerdie
April 10, 2022
Question

How do i enter a 1098 box 4 line item "refund of overpaid interest" in turbotax? There is no place to do it online from what i see.

  • April 10, 2022
  • 1 reply
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1 reply

KrisD15
KrisD15
April 10, 2022

No, there is no place to enter that on the 1098 screen. 

 

That is reporting interest that was collected from you nd returned. 

Since this was your payment to begin with, it would not be income. 

 

The only issue that could cause a problem would be if you claimed that amount as interest paid on a previous year's 1040 and got a credit or deduction for it. In that case, the amount of the credit may need to be recaptured or paid back. 

 

 

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