I haave a 1098 from state farm bank -no letters like T or E follow the 1098,1099,5498, for year 2016 does follow the 1098.?

[Carl]

Most likely it's a 1098 - Mortgage Interest Statement showing you the amount of interest you paid on a mortgage in 2016, which is most likely tax deductible on your 2016 tax return.

[visitmyma]

Im not sure where to put this I have it in the mortgage interest section but it's not adding in to the original bank interest for a total . Its a heloc that I am paying on.

[Carl]

You'll deal with that when you get to it in the program, under the deductions and credits tab in the 'Your Home" section where it will ask if you have a 1098. If it's for a HELOC, then most likely you have two 1098's. One for the primary mortgage on your home, and the other one for the HELOC. You'll enter them one at a time. After you enter the first one for the primary mortgage and work it through, just click the "Add Another 1098" button and enter the one for the HELOC.
All the above is assuming this mortgage and HELOC is on your primary residence or 2nd home, and not on a rental property, or other business property.

[visitmyma]

Thank you

[SweetieJean]

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