Where do i enter construction loan interest?

[Arunkumar]

https://ttlc.intuit.com/questions/3025674-interest-deduction-on-construction-loan

Please refer to the above post.

The construction loan interest is entered in Deductions & Credits section:

1.      Federal Taxes

2.      Deductions and Credits, Jump to full list, (I’ll choose what I work on for cd/download users)

3.      Select Mortgage Interest (if no Form 1098, be sure to select “I did not receive a 1098” box)

[shmmwm1171]

That did not work.I received an error message that the mortgage balance must have a vaalue.

[MarilynG1]

You can claim the interest on a construction loan for up to 24 months if you eventually (within 24 months) move in and use as your primary home. 

If you started the loan in 2020, the beginning balance (box 2) should be blank. The program might not like that, but if you enter a 2020 origination date, you can move forward past any error message. 

The ending balance (01.01.2021) should not be zero since you took a draw. 

Click this link for more info on Construction Loan Interest.