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Returning Member
posted Jun 4, 2019 2:14:27 PM

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?

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2 Replies
Expert Alumni
Jun 4, 2019 2:14:28 PM

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.

Returning Member
Jun 4, 2019 2:14:30 PM

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