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Returning Member
posted Apr 9, 2025 1:13:06 PM

What if my mortgage loan lender does not issue a 1098?

How do I enter the interest deduction or a home loan issued by a non-bank lender (i.e., a personal loan secured by a lien) who does not issue a 1098 form?

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1 Replies
Expert Alumni
Apr 9, 2025 1:58:26 PM

You can report mortgage interest when you have no Form 1098 by using the instructions below. The loan must be secured by a property of yours to be deductible.

 

 

  1.  Click on "Search" (magnifying glass) at the top right of your screen and 
  2. Type "1098" in the search bar. ‌
  3. Click on "Jump to 1098."  This will allow you to review/enter your information about your mortgage interest 
  4. Your screen will say, "Did you pay any home loans in 2024?" Make sure that is answered "Yes"
  5. On the screen that says "Do any of these apply" check "This is a seller-financed loan and I did not receive a Form 1098"
  6. On the next screen enter your seller's information and "Continue"
  7. On the screen "Let's get the rest of your mortgage information" enter your interest
  8. On the screen "Is this loan secured by a property of yours?", if the answer is not yes, the interest will not be applied

 

Your TurboTax screens will look something like this:

 

 

 


 

 

 

 

 

 

 

 


Click here for "Where do I enter my 1098 mortgage interest statement?"