I just got a 1098 for a refinance of my home. In block 1, my mortgage holder put interest at $500. Is this income or deduction?

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The amount shown in Box 1 of the 1098 is the amount of interest that you paid the mortgage holder. That number is a deduction that will be included with your other itemized deductions on Schedule A.

Here is a TurboTax Help article to let you know how to enter this information into your tax return.

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Can we deduct the interest on our "to be" primary home construction loan if we pay it all at the end of construction? Lender is offering to capitalize it into the loan.

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I just got a 1098 for a refinance of my home. In block 1, my mortgage holder put interest at $500. Is this income or deduction?

I just got a 1098 for a refinance of my home. In block 1, my mortgage holder put interest at $500. Is this income or deduction?

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I just got a 1098 for a refinance of my home. In block 1, my mortgage holder put interest at $500. Is this income or deduction?

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I just got a 1098 for a refinance of my home. In block 1, my mortgage holder put interest at $500. Is this income or deduction?

Get more help

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