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March 14, 2021
Question

I don't understand the "box 7" question? It's not "checked" on my 1098's, however my address is in box 8? Should I mark box 7 as checked?

  • March 14, 2021
  • 1 reply
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Also, we took a 2nd mortgage and the only options are line of credit and refinance.  Do I record the interest under line of credit?

1 reply

March 15, 2021

If the address of the property is your address you can mark that box 7 is marked.  If the 2nd mortgage was not a refinance then you can mark that it is a line of credit.