Under the ‘Deductions and Credits’ section there are only options to ‘Add a Lender’ but where do you put the prepaid interest from your Closing Documents
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The only way to enter it is as if your received a 1098 form. Do select 'add a lender' then enter the interim interest you paid on your closing documents in Box 1 interest.
Other Items on closing disclosure form that may be deductible:
Other fees, such as commissions, attorney fees, preparation of deed, abstract fees, owner title insurance, recording fees are added to the basis of your home, and not deductible.
https://www.irs.gov/pub/irs-pdf/p936.pdf
The only way to enter it is as if your received a 1098 form. Do select 'add a lender' then enter the interim interest you paid on your closing documents in Box 1 interest.
Other Items on closing disclosure form that may be deductible:
Other fees, such as commissions, attorney fees, preparation of deed, abstract fees, owner title insurance, recording fees are added to the basis of your home, and not deductible.
https://www.irs.gov/pub/irs-pdf/p936.pdf
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