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March 30, 2025
Question

Form 1098 line 1 can i deduct morgage interest

  • March 30, 2025
  • 2 replies
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Can i deduct morgage interest from a 1098 line 1

2 replies

DoninGA
March 30, 2025

To enter, change or delete Mortgage Interest -
Click on Federal Taxes (Personal using Home & Business)
Click on Deductions & Credits
Click on I'll choose what I work on (if shown)
Under Your Home
On Mortgage Interest, Points, Refinancing, and Insurance, click on the start button

March 30, 2025

Yes, you can deduct mortgage interest if you itemize your deductions, subject to certain limitations (see: Can I deduct my mortgage interest?)

 

Here is how to report the information from Form 1098:

 

  • Go to Federal > Deductions & Credits > Mortgage Interest and Refinancing (Form 1098)> Add/Edit
  • Choose your bank to expand and edit or add if not already populated
  • Continue until you get to the screen "Mortgage Interest and Refinancing (Form 1098)"
  • Enter all of the information, including interest and property taxes and continue