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May 31, 2019
Question

Redeemable ground rent - Where do i enter this in TurboTax. IRS Publication says it is considered mortgage interest. I do not have a Form 1098

  • May 31, 2019
  • 1 reply
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The land we have our manufactured home is leased and is a 30 year lease.  I understand that I am able to utilize the Redeemable ground rents based on the IRS Publication. I do not see where I can enter this data in Turbo Tax.  IRS Publication states it is considered mortgage interest, however I do not have a Form 1098 from the land lease payments.

1 reply

Employee
May 31, 2019

You don't have to have a Form 1098 to report mortgage interest (or equivalent).

In the "Tell us more about your loan from XXXX" interview screen, select "I did not receive a Form 1098"

From IRS Publication 17:

Redeemable ground rents. If you make annual or periodic rental payments on a redeemable ground rent, you can deduct them as mortgage interest.

Employee
May 31, 2019
How - I don't have the answers turbotax requires