Thank you for your response but what you suggested does not solve the question because when I do what your suggested, Turbo Tax Online thinks that the information entered is coming from a Form 1098 which it is not. Once Turbo Tax Online thinks the info is coming from a Form 1098, it then puts the mortgage interest expense on Line 8a on Schedule A, Itemized Deductions when the interest should be on Line 8b for when no Form 1098 exists. Let me be more concise in my question:
The goal is simply to have the mortgage interest expense end up on LIne 8b (used when no form 1098 exists) on Schedule A, Itemized Deductions in the tax return. This interest should not be on Line 8a on Schedule A because that is used when there is a Form 1098 for the interest. This is a secured mortgage loan made by parents to a child for purchase of child's primary residence. The child is the purchaser and owner. The seller was a third party, not the parents. A fully executed mortgage was filed with the county clerk's office as this loan is secured by the child's primary residence. The mortgage is paid monthly in accordance with an amortization schedule. The lenders (parents) were not the sellers so this is NOT a seller financed loan. So the only question is how do I fill out the screens in Turbo Tax Online so that the result is that the mortgage interest expense ends up on Line 8b of Schedule A in the actual tax return.
