1098 for a Construction Loan

rataea · ‎April 14, 2024

I have a 1098 for a construction loan. What kind of property do I claim this as? I currently have a primary home while this house is under construction that I will claim. Based on further information given in TurboTax, secondary home and other don't appear to apply either.

DavidD66 · ‎April 14, 2024

Just call it a second home. The deduction for interest on a construction loan is an exception. It doesn't a have it's own category in TurboTax.

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DavidD66 · ‎April 14, 2024

Just call it a second home. The deduction for interest on a construction loan is an exception. It doesn't a have it's own category in TurboTax.

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1098 for a Construction Loan