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New Member
posted Feb 2, 2024 12:15:30 PM

Do I have to report the information on my 1098 form if I went with the standard deduction? Turbotax did not give the prompt to ask if i purchased a new home?

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2 Replies
Expert Alumni
Feb 2, 2024 12:17:21 PM

No, you do not have to enter the deductions when you know you won't take them.

Level 15
Feb 2, 2024 12:18:34 PM

If you are using standard deduction, you are not required to enter anything about your mortgage.  If want to enter it anyway:

 

Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and loan origination fees (“points”) that you paid in 2023.  You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February.