The Rental property mortgage interest paid in 2016 is only reported on Schedule E Line 12.
To report rental property income and expenses -
- Click on Federal Taxes
- Click on Wages and Income
- Click on I'll choose what I work on
- Scroll down to Rental Property and Royalties, click the start or update button
You do not need the Form 1098. You should have a loan statement that shows the total interest paid that you will use to enter and support the deduction above.
