turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

Received 1098 with negative amount in Box 1

This 1098 was received from a Mortgage Broker that performed the refinance paperwork.  Turbotax does not allow for a negative amount in Box 1
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ToddL
New Member

Received 1098 with negative amount in Box 1

You will have to leave Box 1 blank. If that causes an error or prevents e-filing, enter "0" or "1". 

In your case, the lender or broker gave you an interest credit (incentive) that exceeded whatever mortgage interest you may have had to pay in 2016.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question