Tax Year Prior to 2020: Not sure how to enter HELOC mortgage interest less than $600 and thus not on 1098?

[alektempski]

Not sure how to enter HELOC mortgage interest less than $600 and thus not on 1098?
It seems in 2015 I added it, no problem. This year I don't see an obvious room for it?

[KarenL2]

It goes in the same area as your regular mortgage interest.  You will select the small link to Add a Lender to enter it.

To get to that area in TurboTax:  While inside the software and working on your return, type home equity loan in the Search at the top of the screen (you may see a magnifying glass there).  There will be a popup that says Jump to home equity loan.  Select that to get to the general area. 

Alternatively, you can go to:

• Federal Taxes tab (Person in the Home & Business version)
• Deductions and Credits
• Your Home
• Mortgage Interest and Refinancing 

The interest on up to $100,000 borrowed on a home equity loan or home equity line of credit, regardless of the reason for the loan, can be deducted in the Mortgage Interest section (Home Loan Deduction).

[alektempski]

I appreciate the answer but in 2016 there does not seem to be a clear way to state "I did not receive 1098". The only way appears to be the "seller financed, no 1098" option. Which then asks you for SSN/Employer ID of the seller and that obviously does not apply.

[KarenL2]

Enter it as if you have a Form 1098.  The lender should be able to provide all the information you need.  Actually, it is probably on your HELOC statement.

[alektempski]

Thank you Karen! The problem with this approach is that the non-1098 interest is then reported on line 10 of the tax return as opposed to line 11 where it really needs to be.

[roadfun]

This problem still exists in TurboTax Premiere for 2017. I can find absolutely no way to mark that I did not receive a 1098 for my home equity loan interest. Even if I say I paid to an individual and got no 1098 it won't let me enter who I paid it to and the worksheet is marked as if I have a 1098 even though I clearly don't.