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February 16, 2023
Question

WHERE DO I ENTER THE FORM 1098 FOR A RENTAL PROPERTY?

  • February 16, 2023
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WHERE IN THE PROGRAM DO YOU ENTER RENTAL PROPERTY FORM 1098?

1 reply

DMarkM1
February 16, 2023

You will enter the mortgage interest from form 1098 as an expense for the property in the "Rental, Royalty..." topic under the
"Wages and Income" section.  

 

  1. Edit or Add your rental property
  2. After entering/verifying the rental property information you can "Add an Expense or Asset"
  3. In the list of expense topics you will find "Mortgage Interest"
  4. You can also find "Other Taxes" to enter the property taxes
  5. Once you have selected your categories you will need to "Start/Edit" the category to make the entries/changes
  6. Enter the "Lender name" and "interest paid" from your form 1098
  7. Answer any refinance questions needed
  8. If you refinanced in 2022 you will typically need the HUD-1 from your closing documents to complete the entries
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