Hello!
I did that smart check, got 7 errors 6 of them had a box so I can fix it. The 7th one has n box and when I click the actual form you cant type in it. I tried going back too enter and it doesn't even ask the question? We have a home equity line and they want to know how much we used last year. It wont let me file till I enter the amount! Any ideas? I've been trying for 3 days now.
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Please go back through the interview for that 1098 and pay close attention to when the program asks if you took any cash-out and how much.
The 1098 will be under Deductions & Credits, "Your Home".
its for a home equity line of credit and I keep going back and it doesn't ask how much we took out?
it ask for:
lenders name
if our names are on the 1098 & this is a seller refi and I didnt receive a 1090 (yes or no)
ask for the details off the 1098
points
is the loan secured by a property
if the loan was to purchase the property and what kind of loan is it
have we used this money exclusively on this home
Is there another 1098 form somewhere I am missng?
If you answer Yes in step 7, you will not get the additional questions. If you did use the money for something else you will have to determine how much of the interest is deductible.
I did answer yes because we only used the loan to remodel on the house! So thats why I am not getting the question, but why does it keep coming up as an error then?
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