westell
New Member

Deductions & credits

Hello,  Thank you for your prompt reply.  I am doing standard deductions, I saw on the web you don't have to enter the HELOC of interest if you are doing standard deductions.  I received a 1098 from my bank for it.  But the turbotax person told me today that regardless of the dollar amount i still had to enter it?   She told me if the IRS find out you got the 1098 for the $1.88 interest and didn't report it then the IRS may contact you.  Very frustrating...