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I received a letter from my bank that says: Since the total of interest paid on a home equity line is less than $600 they will not be sending a 1098 and to contact a tax adviser for information. Whey can I claim that in Turbo Tax Deluxe?
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You can claim the amount of interest you paid as Mortgage interest even if you did not receive a form 1098, just as if you had a 1098.
You enter it in the mortgage interest deduction section. If you already entered a 1098, click on Add a Lender on the Mortgage deduction Summary page (see attached screenshot).
You can claim the amount of interest you paid as Mortgage interest even if you did not receive a form 1098, just as if you had a 1098.
You enter it in the mortgage interest deduction section. If you already entered a 1098, click on Add a Lender on the Mortgage deduction Summary page (see attached screenshot).
We have paid our mortgage in full on April 2021. CENLAR has not send 1098 because interest paid in 2021 is less than $600.00
we want to know as to where we enter this information in Turbo Tax deluxe
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