Question

Pre paid interest at home purchase closing

Forum|Forum|6 years ago
February 21, 2020
1 reply
0 views

Where and how do I enter Pre-paid interest (Odd Days) on my return? It is not included in the 1098.

KrisD15

Enter it in the same section as the 1098.

Use the information for the Lender which you can find on the 1098 you did get.

Keep a copy of your closing statement with your tax file.

Make sure the amount was not included in Box 1 on the 1098 they did issue to you.

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C

Chris2015

Do I need to add the pre paid interest to the 1098 amount or enter it a new new 1098 and use the Settlement stmt as support?

Thanks

E

ErnieS0

It depends on whether the points were reported on Form 1098.

TurboTax will ask that question as you enter your Form 1098. Select Points are reported on my 1098 or Points only appear on my Closing Disclosure or HUD-1.

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Pre paid interest at home purchase closing

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