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Rivers
Returning Member

Where/how do I deduct PACE financing interest?

I have a HERO PACE loan but I'm not certain where/how to enter the details/deduction. There is no 1098 issued and the only option Turbo Tax gives for no 1098 situations is to identify it as seller-financed loans. Is that the proper place to claim it?

2 Replies
JulieR
New Member

Where/how do I deduct PACE financing interest?

In TurboTax Deluxe (Windows), switch to the Forms view (Ctrl+2) and use Open Form to access your Schedule A.  You'll be able to enter the amount directly on line 8b.

Rivers
Returning Member

Where/how do I deduct PACE financing interest?

Thank you. Do I also need to still complete a Home Mortgage Interest Worksheet for that interest?
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