1098

[petekjm]

I loaned my son money to build his house.  He pays me monthly  and I track the principal and interest.  In the past I have gone to a CPA to create a 1098 to send to the IRS and my son, to report the amount of interest each year.   I then report that interest in my return as income.   How do I do this in TurboTax

[Anonymous_]

---

@petekjm wrote:

How do I do this in TurboTax

---

TurboTax does not support the issuance of Form 1098.

See https://www.irs.gov/pub/irs-pdf/f1098.pdf

See also https://www.irs.gov/pub/irs-pdf/f1096.pdf

[Critter-3]

Unless you are in the BUSINESS of loaning money a 1098 is NOT needed ... if the CPA charged you to do it they were just padding their bill.

All they need is your name, address, SS# or EIN  and the amount they paid in interest which should come from an amortization schedule you both should have in hand.   And you need their name, address and SS# for your Sch B.