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What does PS 1098 do? There is an input sheet that seems to do nothing.

Marc-TaxMan
Level 8

New client used TT2017. She holds a mortgage; collects interest. She filled in 1098 in TT. NOTE:  1098 does not seem to do anything.  

Maybe she thought TT filed the 1098-Int she was supposed to file; maybe she thought it would import to B.  I am not sure.  I have never used PS 1098 form.  What's it do, if anything?  I tried it for first time in PS and cannot figure what it does.  Does not import the interest received onto B.

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rbynaker
Level 13

Some people use it to send stuff to Sch A.  I just enter the info directly on A.  You might be able to link it to E instead.  Note it's for 1098s RECEIVED by the taxpayer, not for ones ISSUED.

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1 Comment 1
rbynaker
Level 13

Some people use it to send stuff to Sch A.  I just enter the info directly on A.  You might be able to link it to E instead.  Note it's for 1098s RECEIVED by the taxpayer, not for ones ISSUED.

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