- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I am having the same issue with a home equity loan. I deleted the 1098 and entered again, but it is not working. When I initially enter the information on the guided step by step process, it will not allow me to enter zero as the outstanding mortgage balance, so I have to exit out to the next section. Then on the review, it shows two errors. One is that I need to enter the mortgage balance and the worksheet allows me to enter the balance as zero and the pay off date. The second error is that I have to enter beginning balance of the loan and the field is highlighted, but it will not allow any data to be entered.
The instructions state that multiple 1098s should be combined, which I did for my primary loan, as I refinanced this year. Should I also add this loan to those? So add all three 1098s (two primary mortgage and one home equity loan) together and enter once? Please let me know how to move forward.
Thanks