Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 30, 2025 9:09:36 AM

Form 1098 line 1 can i deduct morgage interest

Can i deduct morgage interest from a 1098 line 1

0 2 377
2 Replies
Level 15
Mar 30, 2025 9:12:02 AM

To enter, change or delete Mortgage Interest -
Click on Federal Taxes (Personal using Home & Business)
Click on Deductions & Credits
Click on I'll choose what I work on (if shown)
Under Your Home
On Mortgage Interest, Points, Refinancing, and Insurance, click on the start button

Expert Alumni
Mar 30, 2025 9:13:01 AM

Yes, you can deduct mortgage interest if you itemize your deductions, subject to certain limitations (see: Can I deduct my mortgage interest?)

 

Here is how to report the information from Form 1098:

 

  • Go to Federal > Deductions & Credits > Mortgage Interest and Refinancing (Form 1098)> Add/Edit
  • Choose your bank to expand and edit or add if not already populated
  • Continue until you get to the screen "Mortgage Interest and Refinancing (Form 1098)"
  • Enter all of the information, including interest and property taxes and continue