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Level 3
posted Jun 4, 2019 7:10:14 PM

Heloc Interest but NO 1098

Using 2017 Deluxe Version.  Trying to figure out how to enter interest on a HELOC.  I found a response related to not having a 1098 but I'm not seeing what is outlined in that response.  Please see images of what I'm seeing.

Thanks!


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5 Replies
New Member
Jun 4, 2019 7:10:15 PM

Just enter everything when prompted as though you have a 1098. (Because you’ll be entering the equivalent of the amounts from the different numbered boxes of the 1098 without actually having that form).

To read the entire TurboTax FAQ, click on What if I don’t have a 1098 mortgage interest statement?

Level 3
Jun 4, 2019 7:10:17 PM

Thank you, was concerned that without actually stating I didn't have a 1098 and entered interest I could be setting off some time of flag.  Much obliged.

New Member
Jun 4, 2019 7:10:18 PM

No, this is more common than you think. Thank you for using TurboTax. We really appreciate it.

New Member
Mar 1, 2020 3:41:09 PM

If you are filling out a fake1098 for the HELOC interest,  what are you using for the principal balance and the 

origination date areas? Those would apply to my first mortgage, not my  HELOC

TT wont let me skip these areas

Expert Alumni
Mar 2, 2020 8:42:20 AM

Put in the applicable numbers.  For the mortgage origination date, the date the loan started and for the loan balance the principal balance on the 1/1/2019 or if started in 2019 on the date the loan originated.