LindaS5247
Expert Alumni

Get your taxes done using TurboTax

I am not sure where you are in TurboTax or what you are looking at, but there is a question when you enter your Form 1098 that asks if you have a seller-financed mortgage. You may have accidentally checked that box. You can review your Form 1098 information in TurboTax as follows:

 

  1.  Click on "Search" (magnifying glass) at the top right of your screen and 
  2. Type "1098" in the search bar. ‌
  3. Click on "Jump to 1098."  This will allow you to review/enter your information about your mortgage interest 
  4. Your screen will say, "Did you pay any home loans in 2024?" Make sure that is answered "Yes"
  5. On the screen that says "Do any of these apply" make sure this box is not erroneously checked "This is a seller-financed loan and I did not receive a Form 1098"
  6. On the next screen enter your seller's information and "Continue"
  7. On the screen "Let's get the rest of your mortgage information" enter your interest and other details
  8. On the screen "Is this loan secured by a property of yours?", if the answer is not yes, the interest will not be applied

 

Your TurboTax screens will look something like this:

 

 

 

 

 

 

Click here for "Where do I enter my 1098 mortgage interest statement?"

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"