You will have to print and mail your tax return; and attach explanation as to why you cannot provide the Lender's number; it is required...
As to the data entry:
IF the loan meets the requirements of a secured
debt (explained below) - you will report the interest as a
regular mortgage interest paid:
- Federal Taxes
- Deductions and Credits
- Mortgage Interest and Refinancing, enter the
Lender's name and indicate that you did
not receive a 1098, enter the interest amount.
Home mortgage interest is deductible only if the
mortgage is secured debt. Secured debt is represented by a signed
instrument (such as a mortgage, a deed of trust or land contract) that:
- Makes the
borrower’s ownership in a qualified home security for payment of the debt,
- Provides, in case
of default, that the home could satisfy the debt, and
- Is recorded or is
otherwise perfected under any applicable state or local law.
IF the
loan does not meet the above requirements, the interest paid would be
considered personal and therefore not tax deductible.
