Solved: I bought a house in late 2017, but didnt think I would receive a 1098 for mortgage interest. I just received one but efiled today before getting it.what should I do?
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I bought a house in late 2017, but didnt think I would receive a 1098 for mortgage interest. I just received one but efiled today before getting it.what should I do?

 
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Level 9

I bought a house in late 2017, but didnt think I would receive a 1098 for mortgage interest. I just received one but efiled today before getting it.what should I do?

You will need to file an amended return. The 1040X for amending 2017 returns will not be available until February 8th . If you already filed your return you will need to wait to see if it was rejected or accepted. If they were rejected you are able to login to your return to fix what you need to fix and fix the errors that caused the rejection and refile the return. If your returns were accepted, then you will need to file an amended return. You should not try to amend your return until the original return it has been fully processed and you have received your refund or your payment has cleared.

Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  
Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.  If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here:
https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 Click here for amending instructions: https://ttlc.intuit.com/replies/3288565
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Highlighted
Level 9

I bought a house in late 2017, but didnt think I would receive a 1098 for mortgage interest. I just received one but efiled today before getting it.what should I do?

You will need to file an amended return. The 1040X for amending 2017 returns will not be available until February 8th . If you already filed your return you will need to wait to see if it was rejected or accepted. If they were rejected you are able to login to your return to fix what you need to fix and fix the errors that caused the rejection and refile the return. If your returns were accepted, then you will need to file an amended return. You should not try to amend your return until the original return it has been fully processed and you have received your refund or your payment has cleared.

Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  
Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.  If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here:
https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 Click here for amending instructions: https://ttlc.intuit.com/replies/3288565
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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New Member

I bought a house in late 2017, but didnt think I would receive a 1098 for mortgage interest. I just received one but efiled today before getting it.what should I do?

Thank you! Is this something they might reject my return for? The amount is barely over 600
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Level 15

I bought a house in late 2017, but didnt think I would receive a 1098 for mortgage interest. I just received one but efiled today before getting it.what should I do?

You are not required to take that deduction.

First determine if the interest will allow you to itemize. Are you itemizing already?

BUT, property tax paid in 2017 is also deductible, you would include that also if you want to get your itemized deduction greater than the standard deduction.
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