Will I get fined or something if I forgot to enter information from a 1098B? Program didn't ask for the info.

Jana-Banana1 · ‎February 10, 2020

I sold a home and have a construction loan. Information from 1098 for home sold is entered on taxes but I was never asked for 1098B.

KrisD15 · ‎February 10, 2020

1099-B or 1098 or 1099-S?

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Jana-Banana1 · ‎February 12, 2020

It says 1098B. Its from the bank we have our construction loan with.

JamesG1 · ‎February 12, 2020

1098-B reports the mortgage interest paid, real estate taxes paid and private mortgage insurance paid.

You are not required to report this information as an itemized deduction on Schedule A of the 1040.

You can simply take the Standard Deduction and not file form 1040 Schedule A.

Please see this TurboTax Help.

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