My wife and I are new homeowners and were unaware of the mortgage 1098 form we needed in our tax return. I've already filed/accepted. What do I do?

[JohnW15 · Accepted solution]

You can amend your return to this claim mortgage interest, but you don't have to, and it might not provide you with a tax benefit, anyway.

Unless all of your itemized deductions add up to more than your standard deduction, you won't get a tax benefit, and in that case you wouldn't need to amend your return to claim those expenses.

For more information that might help with your decision, please see the TurboTax Help articles below.

• Can I deduct my mortgage?
• Tax Deduction Wisdom—Should You Itemize?
• How to amend (change or correct) a return you already filed

[Edited 3|16|2020 10:39 am]