I haven't received the Updated Proper 1098 ...what do I do so I don't get penalized

Forum|Forum|11 months ago
April 9, 2025
1 reply
0 views

Mortgage bought 3 times in 2024 ... Interest is totally screwed up ...been calling weekly since January 2025 ...they have fixed their mistake but I won't get my new 1098 till after the 15 Help ..what do I do

TurboTax Online

AmyC

Employee

If you can calculate the proper interest, enter it in the program. The actual tax form, Sch A, only shows the total allowed interest. The program does the work with multiple forms and balances over $750,000.

If your balance was below $750,000 all year, then all of the interest would be deductible if related to the purchase of the home, total it up and enter it. Make one simple entry.
If your balance was over $750,000, your interest allowed is limited on the federal- probably state. See About Publication 936, Home Mortgage Interest Deduction

You can also file an extension, How do I file an IRS extension (Form 4868) in TurboTax Online?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"