Make sure you have entered all the information correctly from your Mortgage Interest Statement, 1098
- Mortgage Interest
- Outstanding mortgage principal
- Mortgage origination date
- Mortgage insurance premiums
- Property (real estate ) taxes paid
- Mortgage acquisition date, if Box 11 is blank, leave it blank also
Then run the error check again.
You can also go to the Forms mode and review, look for Schedule A.
To switch to Forms Mode, open your return, and then select the Forms icon in the upper-left corner of TurboTax (or select View from the top menu, then Go to Forms).
The Federal Information Worksheet will display and all the forms in your return will be listed on the left side. Simply select a form to open it.
To switch back to the interview, select the EasyStep icon in the upper-left corner, or choose Go to EasyStep from the View menu.
Tips
- In the interview, you can also view the underlying tax form by selecting Show Form at the bottom of your screen.
- It's OK to switch to Forms Mode if you want to look at a form or two, but constantly switching back and forth between Forms Mode and the interview has been known to cause problems and data corruption.
Note:
Your 1098 (Mortgage Interest Statement) shows how much mortgage interest, points, and (oftentimes) real estate/property tax you paid in the previous year.
If you didn't get your 1098 from your mortgage company by early February, you might be able to find this information on January's mortgage statement. Contact your lender if you think that your 1098 is missing information or if you need help deciphering it.
Here's how to enter your mortgage interest statement in TurboTax:
- With your return open, search for 1098 and select the Jump to link in the search results.
- Follow the instructions to enter your 1098 info.
If you're using the mobile app, use these instructions.
This answer is thorough and was provided by RayW7
@Eilly
