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I have a quit claim deed. I cannot find a way to input my interest into Turbotax. I do not get a tax form for this interest. How do I do this?
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March 11, 2021
5:38 PM
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Get your taxes done using TurboTax
A quit claim deed is not a tax document. It shows ownership of property. It would not be entered on your tax return. Can you clarify why you are wanting to enter it on your tax return?
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March 11, 2021
8:23 PM
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Get your taxes done using TurboTax
I make payments each month, and interest was about $1600 for the year 2020.
March 12, 2021
5:42 AM
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Get your taxes done using TurboTax
Contract for deed is probably the correct term.
March 12, 2021
5:44 AM
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Get your taxes done using TurboTax
if you don't get a 1098,
enter your interest paid under "interest not reported on a 1098"
Schedule A line 8b
click on "The seller is financing this loan and I didn't receive a 1098."
March 12, 2021
6:21 AM
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