topic Re: 1098 Check this Entry in Get your taxes done using TurboTax

1098 Check this Entry

jnsassano — Sat, 20 Feb 2021 02:02:42 GMT

When I enter my only 1098 into my 2020 tax return for the home I bought in 2020 it gives me an error that says "Check this Entry: Home Mortgage Interest Worksheet: Amount borrowed this year must be entered" and it shows a box with the form. The line F4 (Borrowed in 2020) is highlighted... but it will not let me enter any information into it. Even when I go to "forms" it is not changeable. I already tried deleting the form and reentering it. I did not enter any zeros. Only the info on the 1098. It is a Substitute 1098.

Re: 1098 Check this Entry

jnsassano — Sat, 20 Feb 2021 02:09:30 GMT

After looking up over 25 articles looking for an answer I finally figured out you can click the spot that it wont let you adjust and go to "Edit > Override" and it will let you type in a greyed out box!!!

Re: 1098 Check this Entry

DawnC — Sat, 20 Feb 2021 02:48:40 GMT

Be careful with the overriding entries in the software. Under normal circumstances, you shouldn't have to override anything. Returns that contain overrides cannot be e-filed and may not be covered under our 100% Accurate Calculation Guarantee.

You don't have to have a Form 1098 in order to enter the information in TurboTax. After you enter the lender's name, on the next screen, there is an option that says ''This is a seller-financed loan and I did not receive a 1098''. Then it will ask you for the origination date and the debt amount. Since mortgage interest can be limited, this is necessary information.

Re: 1098 Check this Entry

lshdlr — Sun, 06 Mar 2022 02:33:30 GMT

Yay! That worked and I finally had zero errors and could move on. Thank you!!