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April 13, 2022
Question

TTax form 1098 interest allocation

  • April 13, 2022
  • 1 reply
  • 0 views
TTax form 1098 has the check box for Mortgage Use line 1a for Rental Activity. It only allows it to link to one Sched E where it places all of the interest on line 12a. My interest is split between two Shed E rental forms. I was able to get the correct numbers by doing an over ride on Sched E worksheet line 12a. Is there a proper way to divide it sort of like the Supporting Details form that can be used.

1 reply

April 18, 2022

How you entered it is ok as long as it shows accurately.  You can simply manually enter the interest as if you did not receive a form 1098.

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