Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
crodg45083
New Member

1098 refund of overpaid interest

I do not know hoe to report this . the section for form 1098 does not have box 4 to reflect this refund
1 Reply
PaulaM
Employee Tax Expert

1098 refund of overpaid interest

The interest would be included in income if you had taken an itemized deduction for the interest in a prior year. If you didn't itemize the interest expense, then you would not include it in your income for 2016.

If you did itemized and took a deduction for a prior year, enter it in the Less Common Income Section.

  • Select Miscellaneous Income (last income item)
  • Select Reimbursed deductions from a prior year
  • Other Itemized Deductions

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Manage cookies
v