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posted Jun 5, 2019 11:19:16 PM

I have a private mortgage, and don't receive a 1098. Where do I enter the interest paid?

We have a secured private mortgage, so they don't send a 1098. They send the amortization table which shows the interest paid in 2018.  

In Turbo Tax Deluxe, I only have these options to pick:

 o We co-own this loan with someone and only pay a portion of it.
 o The seller is financing this loan and we didn't receive a 1098.
 o None of these apply.

The first options is out, the second one is close..but the loan isn't from the seller of the house.

If I pick 'none of these apply' Turbo Tax assumes I received a 1098 and I have to fill the info out as if I received the 1098.  What do I do?

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1 Best answer
Expert Alumni
Jun 5, 2019 11:19:17 PM

If you have a private mortgage and did not receive a form 1098, you can claim your mortgage interest and enter it in TurboTax just as if you had received a form 1098 from a bank. As name of lender, enter the name of your private mortgagor.

1 Replies
Expert Alumni
Jun 5, 2019 11:19:17 PM

If you have a private mortgage and did not receive a form 1098, you can claim your mortgage interest and enter it in TurboTax just as if you had received a form 1098 from a bank. As name of lender, enter the name of your private mortgagor.