The IRS allows this deduction, but they want to make sure the person receiving the money is also reporting it as income. You will need: The Seller’s Full Name. The Seller’s Mailing Address. The Seller’s Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). If you don't have their SSN, check your original closing documents or the promissory note. If it’s not there, you’ll need to ask them directly. If they refuse to provide it, you can still file, but you may have to attach a statement explaining your "due diligence" to get it to avoid a $50 penalty.Once you have this information, here is how you enter it. Log in to TurboTax and open your return. Click on the Federal tab in the left-hand sidebar. Click on Deductions & Credits at the top. Scroll down to the Your Home section and click Start or Revisit next to Mortgage Interest and Refinancing (Form 1098). TurboTax will ask, "Did you get a 1098 for your mortgage?" Select No. The next screen will ask for the name of the lender. Enter the Seller's Name. You will then see a screen titled "Do any of these uncommon situations apply to your loan?" Check the box that says: "The seller is financing this loan and we didn't receive a 1098."Finish out the section.

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thomas30022

Level 1

Question

I have my mortgage that was financed from the owner, and paid $1,800 in interest in 2025. There is no 1098. I always used a CPA before this year. What do I do?

Forum|Forum|3 months ago
April 7, 2026
1 reply
35 views

No text available

TurboTax Online

DaveF1006

Level 15

The IRS allows this deduction, but they want to make sure the person receiving the money is also reporting it as income. You will need:

The Seller’s Full Name.
The Seller’s Mailing Address.
The Seller’s Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
If you don't have their SSN, check your original closing documents or the promissory note. If it’s not there, you’ll need to ask them directly. If they refuse to provide it, you can still file, but you may have to attach a statement explaining your "due diligence" to get it to avoid a $50 penalty.

Once you have this information, here is how you enter it.

Log in to TurboTax and open your return.
Click on the Federal tab in the left-hand sidebar.
Click on Deductions & Credits at the top.
Scroll down to the Your Home section and click Start or Revisit next to Mortgage Interest and Refinancing (Form 1098).
TurboTax will ask, "Did you get a 1098 for your mortgage?" Select No.
The next screen will ask for the name of the lender. Enter the Seller's Name.
You will then see a screen titled "Do any of these uncommon situations apply to your loan?"
Check the box that says: "The seller is financing this loan and we didn't receive a 1098."