Where do I enter Interest Paid on an equity line that had less than 600.00 interest and no 1098?

[dmwinks]

I received a letter from my bank that says: Since the total of interest paid on a home equity line is less than $600 they will not be sending a 1098 and to contact a tax adviser for information. Whey can I claim that in Turbo Tax Deluxe?

[MinhT · Accepted solution]

You can claim the amount of interest you paid as Mortgage interest even if you did not receive a form 1098, just as if you had a 1098.

You enter it in the mortgage interest deduction section. If you already entered a 1098, click on Add a Lender on the Mortgage deduction Summary page (see attached screenshot).

[Saipart 90]

We have paid our mortgage in full on April 2021. CENLAR has not send 1098 because interest paid in 2021 is less than $600.00

we want to know as to where we enter this information in Turbo Tax deluxe