turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I got a 1098 from morgage company intrest different than what reported

I filed and then received a 1098 from mortgage company I paid off my loan  in Dec 2018 and could not look up the interest paid . I entered 1300 but the 1098 said 1254.25 . What do I do now

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
pk
Level 15
Level 15

I got a 1098 from morgage company intrest different than what reported

Look at your  return --- if you used  standard deduction , then you ignore this 1098 difference. If you used itemized deduction, then you may have to file an amended return reconciling the difference.  See below:

.** single under 65                         $12,000 65 or older $13,600 

head of household under 65         $18,000 

                                                 65 or older $19,600 

married, filing jointly*** under 65 (both spouses) $24,000     

                                      65 or older (one spouse) $25,300 

                                     65 or older (both spouses) $26,600 

married, filing separately any age $ 12000 

qualifying widow(er) under 65              $24,000 

                                            65 or older $25,300 

View solution in original post

1 Reply
pk
Level 15
Level 15

I got a 1098 from morgage company intrest different than what reported

Look at your  return --- if you used  standard deduction , then you ignore this 1098 difference. If you used itemized deduction, then you may have to file an amended return reconciling the difference.  See below:

.** single under 65                         $12,000 65 or older $13,600 

head of household under 65         $18,000 

                                                 65 or older $19,600 

married, filing jointly*** under 65 (both spouses) $24,000     

                                      65 or older (one spouse) $25,300 

                                     65 or older (both spouses) $26,600 

married, filing separately any age $ 12000 

qualifying widow(er) under 65              $24,000 

                                            65 or older $25,300 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies