Can TT generate Form 1098 for mortgage interest?

[frktt]

I loaned money to my son in 2020 as a Family Mortgage. I need to provide Form 1098 (Mortgage Interest Statement). Can any version of TT generate Copies A & B, for the IRS, and the Borrower, respectively?

Thank you.

[tagteam · Accepted solution]

Whether you actually need to file this form is subject to debate (you probably do not have to file).

See https://www.irs.gov/instructions/i1098#idm139957885503968

Regardless, TurboTax cannot generate any variant of Form 1098.

See https://quickemployerforms.intuit.com/faq.htm

[frktt]

Thank you. So, in lieu of 1098, I read somewhere that a Statement of Account may be provided. Wonder if that's acceptable to the IRS.

[tagteam]

Merely because you are not required to file the actual form does not mean you are prohibited from filing the form.

There are companies that support online e-filing of Form 1098 for just a few dollars per form. You can find them easily by doing a basic internet search.