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deducting a land contract

Tiger5
Level 4

I have a client that has a land contract, i know you can deduct this like when owning a home from a 1098. you can deduct the interest and property taxes paid. what is the proper way to add this to pro series basic if you don't have a 1098?  

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Accepted Solutions
TaxGuyBill
Level 14

Schedule A has a section specifically for mortgage interest that is not on a 1098.  Enter it there (you will need some information about the seller).

And just enter the real estate taxes in the appropriate section of Schedule A.

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2 Replies 2
TaxGuyBill
Level 14

Schedule A has a section specifically for mortgage interest that is not on a 1098.  Enter it there (you will need some information about the seller).

And just enter the real estate taxes in the appropriate section of Schedule A.

View solution in original post

Tiger5
Level 4

Thank you 

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