Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
earlwhitney
Returning Member

How do I report mortgage interest paid to a related party.

 
1 Reply
KarenM90
Level 11

How do I report mortgage interest paid to a related party.

With TurboTax open:  

 

1.  Go to Deductions and Credits (from the menu at the Top)

2.  On the first screen "Did you pay any home loans in 2019?" answer yes.

3.  On the next screen Who's your mortgage lender? Enter the name of the person who financed your loan.

4.  On the next screen choose "The Seller is Financing this Loan and we didn't receive a 1098." or "None of These Apply"  (whichever is appropriate)

5.  Follow the screen prompts and enter the social security number or EIN of the lender, where requested.

 

Here is a TurboTax Link with more details regarding mortgage interest.  Mortgage Interest entry in TurboTax

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v