I believe you are asking what to do with this amount as there is no
box for its entry in the program.
You can handle that in 1 of 2 ways depending on what year the interest was overpaid for.
1) A refund of interest paid this year would have to reduce this year's interest deduction. You can accomplish this in TurboTax by entering a negative
amount in Box 1 on the Form 1098 entry. (this is probably not the case as you mortgage
company would likely have reported this separately)
2) A refund of interest paid in a previous year would need to be reported as Other Income on line 21 of your Form 1040. You can enter that other income by following the directions below:
- Click on Federal Taxes
- Select Wages and Income
- Scroll down until you find the line Other Miscellaneous.
- Enter the amount from Box 4 and answer the remaining questions to be sure it is categorized correctly.
You can find more information on this topic in IRS Publication 936 at: www.irs.gov/pub/irs-pdf/p936.pdf
