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dmader00
New Member

Should I amend my return if I found a 1098 I forgot to report a 1098?

 
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6 Replies

Should I amend my return if I found a 1098 I forgot to report a 1098?

Maybe.   Was it for mortgage interest?  1098E for Student loan interest?   A 1098T from a college?   And for what tax year?  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
dmader00
New Member

Should I amend my return if I found a 1098 I forgot to report a 1098?

Mortgage Interest Statement.

 

dmader00
New Member

Should I amend my return if I found a 1098 I forgot to report a 1098?

2022

CatinaT1
Expert Alumni

Should I amend my return if I found a 1098 I forgot to report a 1098?

Possibly, but maybe not. It will depend on if you itemized your deductions or not. If you did, yes, you will want to add this by amending your return. If you used the standard deduction, maybe. It depends if adding your mortgage interest would make it better for you to itemize instead of using the standard deductioin.

 

2022 STANDARD DEDUCTION AMOUNTS 

SINGLE $12,950  (65 or older + $1750) 

MARRIED FILING SEPARATELY $12,950  (65 or older + $1750) 

MARRIED FILING JOINTLY $25,900  (65 or older + $1400 per spouse) 

HEAD OF HOUSEHOLD  $19,400  (65 or older +$1750) 

Legally Blind + $1750 

 

If you choose to amend:

To avoid unnecessary delays, do not amend until your original return has been fully processed.    

You can e-file your 2022 amended federal tax return, but most states require amendments to be printed and filed by mail.  

Allow 16 weeks for processing.  

See this TurboTax FAQ for help with amending.  

You can check the status of your amended return here, but allow 3 weeks after filing for it to show up.  

 

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dmader00
New Member

Should I amend my return if I found a 1098 I forgot to report a 1098?

Didn't itemize this year. 1098 is for mortgage interest from 2022. Do I need to amend my taxes?? 

CatinaT1
Expert Alumni

Should I amend my return if I found a 1098 I forgot to report a 1098?

No. Not if you are not itemizing.

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