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May 31, 2020
Question

I have a two family house and I live in one apartment and my tenant lives in the other. I only have one 1098 form. How do I enter information for my personal Deduction.

  • May 31, 2020
  • 1 reply
  • 0 views
For example, the interest I paid for this two family house was 10k. Since half goes to rental, so I entered 5k for rental deduction. Now I'd like to enter the rest 5k to my personal Federal Deduction. However, if I enter 5k in Box 1, the amount won't match my 1098 form (which is the whole amount of 10 k). Should I: 1) enter 5k for Box 1 in the Federal Deduction tab, and check the box stating "interest amount different than what's on 1098; or should I enter 10k here to match my 1098 form? Thanks.

1 reply

Carl11_2
Employee
May 31, 2020

However, if I enter 5k in Box 1, the amount won't match my 1098 form

No big deal really. Enter the 5K and check the box to indicate it doesn't match what's on your 1098. Then press on.