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1098 Mortgage Interest Statement Form Input

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Level 2

Where do I input the lender's information for this form? Also, in the Description field, do I just put "mortgage interest paid" and the amount? It looks odd to only have two fields where I can input data after clicking the plus sign (+) to expand the actual input field. The form has more information which seems to not be entered into Proconnect. Please assist. Thanks.

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Level 15

You are correct in that it only have room for a name (like bank name) and amount and whether T, S, or J

The other information, like address and ein are not important, unless the 1098 does NOT have the TP SSN. If that is the case go to "Home mortgage interest & points on Form" 

The points and real estate taxes that may be on the form are entered in their respective input areas.


ex-AllStar

View solution in original post

2 Replies 2
Highlighted
Level 15

You are correct in that it only have room for a name (like bank name) and amount and whether T, S, or J

The other information, like address and ein are not important, unless the 1098 does NOT have the TP SSN. If that is the case go to "Home mortgage interest & points on Form" 

The points and real estate taxes that may be on the form are entered in their respective input areas.


ex-AllStar

View solution in original post

Highlighted
Level 15

Agree with @George4Tacks.

There's actually more than meets the eye in PTO.  If your client has mortgage interest that is subject to limitation, you should take a look at this article to understand how the input should be made: https://proconnect.intuit.com/community/help-articles/help/understanding-excess-home-mortgage-intere...

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Still an AllStar