turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cranej76
New Member

1099-MISC mortgage credit for loan restructure

We receive a 1099-MISC from our mortgage lender every year.  They give us some kind of credit for restructuring our loan due to the recession and our mortgage being underwater.  It is reported on the 10990-MISC as other income.

 

On my mortgage statements it says it is a "Subsidy" that adds up to the amount reported on the 1099-MISC at the end of the year.

 

How do I report that in TurboTax?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
cranej76
New Member

1099-MISC mortgage credit for loan restructure

On my mortgage statements it says it is a "Subsidy" that adds up to the amount reported on the 1099-MISC at the end of the year.  Added this statement in my question.  I do not know how to delete this reply.

DawnC
Employee Tax Expert

1099-MISC mortgage credit for loan restructure

Here are instructions to report the Other Income 1099-MISC on your tax return.  Where do I enter a 1099-MISC?   Choose Other and the category and you can use mortgage subsidy as a description.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question