I will not receive a 1098 because the interest I paid on my home equity line of credit is less than $600. How do I put the info in TurboTax?

timbo42 — Mon, 09 Mar 2026 06:24:12 GMT

I only know the lender name and interest I paid.
I don't know the other info.

Re: I will not receive a 1098 because the interest I paid on my home equity line of credit is les...

AmyC — Sat, 05 Feb 2022 03:01:48 GMT

First, HELOC may or may not be deductible interest. Qualified Mortgage Interest is defined as the interest you pay on a loan secured by your main home or second home that was used to build, buy, or improve that home, and includes:

Mortgage to buy, build, or substantially improve your home
Second mortgage
Line of credit
Refinanced loans
Home equity loans

In most cases, every dollar of interest you paid on a qualified loan is deductible (some limitations apply).

Second, if you qualify to deduct, here is how to enter:

Go to the federal section
to Deductions and Credits
Select Mortgage interest, refinancing, and more
Enter the mortgage interest that you know you paid
Enter an outstanding mortgage principal amount below $750,000
Enter the date of the HELOC
Continue, you don't need the rest of the information on this page,
Is is secured by your property, yes
Kind of property, select
Continue
Points, no probably,
Continue
Most recent 1098?, yes
Continue
Original, no
drop downs appear
HELOC, yes
Cash out?

Select Yes if

Your loan is a HELOC.
You used loan money for anything besides paying off the existing loan. This includes home repairs, making purchases, paying off other debt, having cash on-hand, and contributing to your savings or investments.

Select No if you only used the loan to refinance an existing loan.

Re: I will not receive a 1098 because the interest I paid on my home equity line of credit is les...

timbo42 — Mon, 07 Feb 2022 14:22:09 GMT

Thanks!

topic I will not receive a 1098 because the interest I paid on my home equity line of credit is less than $600. How do I put the info in TurboTax? in Education

I will not receive a 1098 because the interest I paid on my home equity line of credit is less than $600. How do I put the info in TurboTax?

Re: I will not receive a 1098 because the interest I paid on my home equity line of credit is les...

Re: I will not receive a 1098 because the interest I paid on my home equity line of credit is les...