where do I add my mortgage and interest? (turbo tax said to add it under deductions and credits, but its not an option there)

[jbreitkreuz02]

I have my 1098 on paper, i would like to add it, but its not an option under deductions and credits. where do i add it if its not there.

[xmasbaby0]

Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2024   You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.

[rjs]

You didn't say what version of TurboTax you are using. If you are using TurboTax Online Free Edition you cannot enter mortgage interest. You have to upgrade to Deluxe.

[waliajune]

When filling out your information in TurboTax, locate the “Interest Income” section to enter the mortgage interest received is not the mortgage deduction section like you might be use to. Form 1098, report as income you received because you are now the lender. For a easy to understand guide to how to handle mortgage interest for tax purposes reverse.mortgage/interest-tax-deduction.

It's also recommended to always enter the amounts as shown on the 1098 the same way with nothing omitted/missing.