You can enter your mortgage interest and fees paid at closing into TurboTax, under Deductions & Credits. Keep in mind, the IRS lets you deduct your mortgage costs, but only if you itemize deductions.
They will be entered under "Deductions and Credits" as follows:
In TurboTax Desktop you will:
- Click on the "Deductions & Credits" tab under "Federal Taxes"
- Under the Section "Your Home" click on start next to "Mortgage Interest, Points, Refinancing and Insurance"
- You can also click on "Visit All" for that section.
- You will then go through the TurboTax screens and enter your mortgage information.
- Complete all follow-up screens.
In TurboTax Online you will:
- Continue your return.
- Click on "Deductions & Credits" in the left panel.
- Click on "Add" next to "Mortgage Interest and Refinancing Form 1098."
- You will then go through the TurboTax screens and enter your mortgage information.
- Complete all follow-up screens.
Deductible mortgage costs generally include::
- Real estate taxes paid at closing
- Mortgage interest paid when the cost was settled
- Interest paid at the house’s purchase
- Loan origination fees, known as “points”
Click here for additional information on Mortgage closing costs.
Click here for" Can I deduct my mortgage interest"?
Click here for additional information on entering your form 1098.
Click here for additional information on Form 1098.
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