Turbo Tax is asking all kinds of questions about Mortage interest, my lender and such. But I don't have a mortgage. How can I let TT know that I have no Mortgage?
Turbo Tax is asking all kinds of questions about Mortage interest, my lender and such. But I don't have a mortgage. How can I let TT know that I have no Mortgage?
To let TurboTax know you do not have a mortgage, you can review your entries to make sure nothing has been entered into the program regarding mortgage interest.
Mortgage interest would be reported on a Form 1098. You can get to the screens for entering mortgage interest by typing "1098" into the search bar and then click on "Jump to 1098."
You can also get to them by typing "mortgage interest" into the search bar and click on" Jump to mortgage interest."
You can delete any mortgage interest worksheets and Form(s) 1098 that may be showing in your return.
To do this in TurboTax Desktop, you will:
Open your return
Click on "Forms" at the top left of your screen to switch to "Forms Mode"
In your left panel click on any "Form(s) 1098" or "Mortgage Interest Worksheets" that may be there. You could have had a carry-over form a prior year.
To do this in TurboTax Online you will:
Choose Tax Tools option on the left menu bar in the federal section of TurboTax
Choose Tools
Under Other Helpful Links choose Delete a form
Find the Mortgage Interest Worksheet and Form 1098 and click on the option to delete it
If you had mortgage interest on a prior year's return and filed with TurboTax it will ask you if you have mortgage interest to report. You are not required to report mortgage interest on your tax return. You can only deduct mortgage interest if you itemize your deductions.
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