AmyC
Expert Alumni

Deductions & credits

Got it! The program versus the forms versus the tax code! 

The form:

About Schedule A (Form 1040), Itemized Deductions - Internal Revenue Service

The program:

trying to figure out where to put stuff on the form. It can't go in the section for a 1098. The other section says, no 1098. If there is seller-financing, fill in.....

The IRS:

looking for somebody to be earning the interest.

 

When your son enters the mortgage screen, it asks 1098, seller financed or none of the above. 

Select none of the above

Enter the mortgage information

Secured by property

answer points and remaining questions.

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