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What kind of 1098? 1098-Mortgage Interest Statement? 1098-T? 1098-E? All of those have a box 4.
Its on my 1098 Mortgage Interest. I had interest returned to me. When I go to the section in turbotax though to enter a 1098 it goes from Box 3 to Box 5 and I can't figure out how to add Box 4.
My 1098 is a Mortgage Interest statement refund of overpaid interest, Box 4
Box 4 is a repayment of Mortgage Interest that you had paid in the prior year. If you selected Itemized Deductions in 2020, then you claimed the interest as a tax deduction in 2020 and will have to claim the amount in Box 4 of your 1098 as income. If you took the standard deduction in 2020, then you did not derive any tax benefit from the excess mortgage interest that they repaid to you in 2021 and do not have to do anything with the number.
To report your Box 4 amount only if you itemized deductions in 2020:
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