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April 9, 2022
Question

How do I interest paid on a qualifying RV since they don't issue a 1098?

  • April 9, 2022
  • 1 reply
  • 0 views
Turbo Tax doesn't seem to allow this this entry

1 reply

ColeenD3
April 9, 2022

You'll have to tell a little white lie. Enter the name of the loan company instead of the "seller". You might have to mail in your return.

 

Begin by entering the information as though you received a 1098:

  1. Under the Federal menu, choose Deductions & Credits
  2. Expand the menu for Your Home
  3. Click Start/Revisit next to Mortgage Interest and Refinancing (Form 1098)
  4. Enter the lender information
  5. On the following screen, choose The seller is financing this loan and we didn't receive a 1098
  6. Complete the information on the screens that follow