You can enter your mortgage interest even though you don't have a 1098. You enter it as if you do have a 1098, so follow the instructions for entering a 1098. Your mother has to provide you with the details needed to claim any deductions. Here's how to enter your mortgage interest statement in TurboTax:
The IRS lets you deduct your mortgage interest, but only if you itemize deductions. You can't deduct the principal (the borrowed money you're paying back). In addition to itemizing, these conditions must be met for mortgage interest to be deductible:
You can enter your mortgage interest even though you don't have a 1098. You enter it as if you do have a 1098, so follow the instructions for entering a 1098. Your mother has to provide you with the details needed to claim any deductions. Here's how to enter your mortgage interest statement in TurboTax:
The IRS lets you deduct your mortgage interest, but only if you itemize deductions. You can't deduct the principal (the borrowed money you're paying back). In addition to itemizing, these conditions must be met for mortgage interest to be deductible: