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Our farm land and home are combined in one mortgage. How to split?

 

Our farm land and home are combined in one mortgage. When entering the percentage for the home in TurboTax, do I say that I did not receive a 1098 or that the amount I am reporting is different than what is shown on the 1098?  I plan to report 75% of the mortgage on our personal deductions and 25% on the Schedule F.  

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1 Best answer

Accepted Solutions
DianeC958
Expert Alumni

Our farm land and home are combined in one mortgage. How to split?

Answer that the amount your are reporting is a different amount, than what is shown in the form 1098.

**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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1 Reply
DianeC958
Expert Alumni

Our farm land and home are combined in one mortgage. How to split?

Answer that the amount your are reporting is a different amount, than what is shown in the form 1098.

**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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