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7
73Boomer
March 17, 2020
Question

How to create 1098 mortgage interest statement form filed with Turbo Tax Return

  • March 17, 2020
  • 1 reply
  • 0 views
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1 reply

I
Irene2805
March 17, 2020

To enter the information from your 1098, please follow these steps:

  1. Click on Federal Taxes >  Deductions & Credits
  2. In the Your Home section, click on the Start/Revisit box next to Mortgage Interest, Refinancing, and Insurance (Form 1098).  
  3. Continue through the screens, entering the requested information.

 

7
73BoomerAuthor
March 17, 2020

My previous question probably was not clear. I am the lender not the borrower. I want to know how to create a 1098 for the Borrower and have it filed with my tax return where I claim the interest for income. Thanks

AmyC
AmyC
Employee
March 17, 2020

The interest income goes on schedule B with the other interest.  Follow these steps:

 

  1. Go to Income (different named area in different programs)
  2. scroll down to Interest and Dividends
  3. Locate Interest from Seller-Financed Loans
  4. Click Start
  5. screen says, Any seller financed loans?
  6. Click Yes
  7. Enter the information of the person from whom you received the interest and the interest received.
  8. Continue

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