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February 19, 2023
Question

Mortgage interest under $600

  • February 19, 2023
  • 1 reply
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Where do I enter mortgage interest under $600 with no 1098?

    1 reply

    February 19, 2023

    Here are the steps in TurboTax online:

    • Sign in to your account, select Pick up where you left off
    • At the right upper corner, in the search box, type in "1098t" and Enter
    • Select Jump to 1098t
    • Follow prompts
    • On screen, " Do any of these uncommon situations apply to your loan", select "The seller is financing this loan and we didn't receive a 1098", then Continue
    • Follow the prompts to enter your mortgage info
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    skjAuthor
    February 20, 2023

    The bank is the lender and interest was under $600 and a 1098 was not issued. Where do I enter it on Turbotax?

    February 20, 2023

    The information provided by Pattif above is correct.  

     

    You Begin by entering the information as though you received the 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

     

    @skj 

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