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June 5, 2019
Question

Received 1098 with negative amount in Box 1

  • June 5, 2019
  • 1 reply
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This 1098 was received from a Mortgage Broker that performed the refinance paperwork.  Turbotax does not allow for a negative amount in Box 1

1 reply

June 5, 2019

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.