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Deductions & credits
If you already submitted your return, you need to amend it to claim the amount of mortgage interest that you actually paid.
- You must first wait until the initial return is completely processed.
- You will have to use the same TurboTax account that you used for the original tax return.
- Once you begin your amendment, you'll see your original return.
- The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
- Only make changes to the areas of your return that need amending.
Select your product below and follow the instructions.
To enter your 1098 mortgage interest statement in:
TurboTax Online
TurboTax Desktop
However, claiming the mortgage interest might not effect your return.
You can’t deduct home mortgage interest unless the following conditions are met.
- You file Form 1040 or 1040-SR and itemize deductions on Schedule A (Form 1040).
- The mortgage is a secured debt on a qualified home in which you have an ownership interest.
For more Information, check: IRS.gov
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April 1, 2024
9:38 AM