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vic2156
New Member

How do I claim land contract interest I paid before I got a mortgage to pay it off last year?

 
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AlanT
Expert Alumni

How do I claim land contract interest I paid before I got a mortgage to pay it off last year?

If you have a private mortgage and did not receive a form 1098, you can claim your mortgage interest.  Enter it in TurboTax just as if you had received a form 1098 from a bank. 

Enter the person's name you paid interest to, instead of the bank name, as the lender.  

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
AlanT
Expert Alumni

How do I claim land contract interest I paid before I got a mortgage to pay it off last year?

If you have a private mortgage and did not receive a form 1098, you can claim your mortgage interest.  Enter it in TurboTax just as if you had received a form 1098 from a bank. 

Enter the person's name you paid interest to, instead of the bank name, as the lender.  

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

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