Where in turbo tax can I enter taxes and interest paid on a settlement statement?

[carolinewolfev]

Purchased a home 6/15/24.loan was sold 8/1/24.Received one 1098 form, but the other prop taxes and interest paid for about 45 days is on a settlement statement. Where in turbo tax do i enter taxes and interest paid when they are not on a 1098?

[Mike9241]

are you sure that the additional interest is not included on the 1098? 

if you're entering the 1098 you can add the additional real estate taxes to what's on the 1098, if any. remember to reduce what you paid and were charged on closing by any credit you got on the purchase. 

.  If you sold your home for less than $250,000 but held it for less than a year, you are not eligible for the capital gain exclusion You may need to report the sale on your tax return if you have a capital gain. if sold for $250K or more you need to report it even if a loss. A loss is not deductible. this should be automatic if you use the home sale worksheet.

[JamesG1]

If you are a homeowner, report real estate property tax in TurboTax Online as follows:

• Down the left side of the screen, click on Tax Home.
• Click on the down arrow to the right of Review.
• Click on the blue band labeled Review.
• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Deductions & Credits.
• To report property tax reported only on a settlement sheet or other document, at the screen Your tax breaks, click to the right of Property (Real Estate) Taxes.
• To report property tax reported on IRS Form 1098, at the screen Your tax breaks, click to the right of Mortgage Interest and Refinancing (Form 1098)..

If you are a homeowner, report real estate property tax in TurboTax Desktop as follows:

• Across the top of the screen, select Federal Taxes. 
• Click Continue.
• Select I'll choose what I work on.
• Across the top of the screen click on Deductions & credits.
• Select I'll choose what I work on.
• To report property tax reported only on a settlement sheet or other document, at the screen Your 2024 Deductions & Credits, click to the right of Property Taxes.
• To report property tax reported on IRS Form 1098, at the screen Your 2024 Deductions & Credits, click to the right of Mortgage Interest, Points, Refinancing and Insurance.

See also this TurboTax Help.

@carolinewolfev