Live in UK, Own Home in UK - No 1098 for Mortgage Interest

[LoriLLS]

I'm a US citizen living in the UK for 14 years. I bought a house in the UK in 2023. Am trying to enter my mortgage interest under deductions, but I do not have a 1098. I do have a statement from the Building Society showing payments made in 2023 along with the total interest charged in 2023.  Can I use that statement? Thanks for your help!

[TomK2023]

Yes.  You can deduct the mortgage interest without a 1098:

1.  With your TurboTax open, choose Deductions & Credits

2.  Under Your Home, Choose Mortgage Interest and Refinancing (Form 1098)  (Choose this even if you don't have a 1098)

• You may also be able to enter mortgage interest in the Search box, and then Click on jump to mortgage interest link instead.

3.  Answer Yes to Did you pay any home loans in 2023.

4.  On the next screen, enter your Lender's name

5.  Choose "The Seller is financing this loan and we didn't receive a 1098" then continue through the prompts and questions for this section.  (You will need to enter the lenders EIN or social security number, as well as some other information to continue)

[LoriLLS]

Hi! Thanks for the detailed response.  One more question on it... the lender is a small UK bank/building society with offices only in the north of England so does not have a US EIN. Will that be acceptable?  Thanks!

[DaveF1006]

Yes, this is acceptable.