I hold a mortgage as of 2016 and need a Form 1098 to file

[eoleske]

As of 2016, I hold a mortgage on a relative's home and need to file a Form 1098 with the IRS and with my relative.  Can I obtain this form through Turbo Tax ???

[MichaelDC]

No. Form 1098 is not necessary unless one is in the business of providing mortgage loans.

Report the interest received as owner financing and enter the relative's name, address and Social Security number along with the interest received.  Your name and SSN on the relative's tax return when they deduct the interest would be matched.

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on
• Scroll down to Interest and Dividends
• On Interest from Seller-Financed Loans, click the start or update button