As an individual, you are not required to issue a form 1098 to your daughter. She can still deduct the mortgage interest on her return without a form 1098.
As for you, you should report the interest income on your tax return as if you had received a form 1099-INT from a bank.
- In
TurboTax, open your tax return
- Click
on Federal Taxes, then on Wages &
Income on top of the screen
- On the next scree, click on I'll choose what I work on
- Scroll
down to All Income, locate
the section Interest and Dividends
- Click Start next to Interest on
1099-INT (see attached screenshot).
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