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That totally does not answer the question. Based on the question I automatically assume he DOES have major deductions. So what is the answer then?
Looking for the answer to this as well. It doesn’t make a difference for my federal taxes, but it does for state. Can I enter the interest from December statement as if I was issued a 1098?
Yes, you may enter December's statement information to report RV interest loan payment without a 1098. You will enter the information as if you have a 1098. You will need information such as outstanding loan value, origination date of the loan, etc. Your bank should have that information listed in the statement.
There will be terms in the program asking for mortgage paid, outstanding mortgage principle, and mortgage origination date. in the case of a RV loan, the terms mortgage and loan are used interchangeably in reporting this information.
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