MonikaK1
Expert Alumni

Deductions & credits

If each Form 1098 is for a different property, enter the 1098 in the area of the return that applies. 

 

For your primary and secondary residence, enter those two Forms 1098 under Deductions and Credits. Where prompted by the program, identify which is for the primary and which is for the secondary residence.

 

For the other properties, if they are rentals, report each Form 1098 under Rental Properties along with other rental expenses for that property.

 

Other interest expense is only deductible if related to a Schedule C business, or if other investment property, deductions are limited to the extent that you report investment income and by passive activity limits. See this TurboTax tips article and this one for more information.

 

 

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