topic How to my rent mortgage? in Investors & landlords

How to my rent mortgage?

dramir10 — Mon, 30 Mar 2020 04:29:48 GMT

How to add my mortgage interest form 1098 with my W-2?

Re: How to my rent mortgage?

DianeC958 — Mon, 30 Mar 2020 14:37:11 GMT

To add the information for your mortgage interest go to

Deductions & Credits
Your Home
Mortgage Interest, Refinancing and Insurance

Your W-2 information goes in

Wages & Income
Wages & Salaries
Form W-2

Re: How to my rent mortgage?

Carl — Mon, 30 Mar 2020 15:25:52 GMT

Your W-2 has nothing to do with mortgage interest. The W-2 is entered under the Personal Income tab where it specifically asks for W-2 income.

Mortgage interest reported to you on a 1098 is entered under the Deductions & Credits tab in the "Your Home" section.

THis is assuming you own the home and do not rent it out or use it for anything other than your primary residence, 2nd home, vacation home or other personal pleasure use.

If it's for rental property that you own and rented out in 2019, then you'll be asked for mortgage interest in the Rental & Royalty Income (SCH E) section of the program as you work it through and get to the point where it will ask you for that interest amount in the rental expenses section.