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?
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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.
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.
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