When you have a 1098 mortgage interest statement, you can add it along with your other allowable expenses to see if you have enough qualifying expenses to itemize your deductions.
Your 1098 (Mortgage Interest Statement) shows how much mortgage interest, points, PMI, and (oftentimes) real estate/property tax you paid in the previous year.
Here's how to enter your mortgage interest statement in TurboTax (tap for alternate instructions if using our mobile app):
- With your return open, search for "1098" and then click or tap the "Jump to" link in the search results.
- Answer any preliminary questions, and you'll then be asked for the name of your mortgage company. Enter the name and select Continue.
- Follow the onscreen instructions to enter the rest of your 1098 info.
