PatriciaV
Expert Alumni

Deductions & credits

Yes, enter this home mortgage interest under the Form 1098 topic, even though you didn't receive a 1098. 

 

In TurboTax Premier, go to Federal Taxes >> Deductions & Credits >> I'll choose what I work on >> Your Home >>> Mortgage Interest... >> Start/Update.

  1. On the page "Do any of these situations apply?" choose "Our names are not on the 1098."
  2. Enter the Coop Name and Address.
  3. Enter your portion of the mortgage interest, adjusted for any patronage dividends.
  4. Enter your portion of the outstanding mortgage principal (or estimated).
  5. Enter the mortgage origination date (or the date you moved in).
  6. It is the most recent version of Form 1098, it's not a refinance, and you've used it exclusively for your primary home.

 

These entries will report the interest on Schedule A Line 8(b).

 

 

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