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Deductions & credits
@maheshvasn wrote:
It looks like the lender hasn't included the prepaid interest. When I add up all the interests I paid, it does not match up with what 1098 shows.
Also, I saw another related post relating to the same question
https://ttlc.intuit.com/community/college-education/discussion/where-do-i-put-the-prepaid-interest-c...
You can either add the interest to the amount in the 1098, or create a new lender without a 1098 (maybe in the name of the closing agent) and report the daily interest there.
March 9, 2021
6:41 AM