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February 26, 2025
Question

Where do I find 'Other Interest Paid' in the Mortgage Deduction Section

  • February 26, 2025
  • 1 reply
  • 0 views

I am using TurboTax Premier desktop version on Windows 11.

I am having problems entering mortgage interest without form 1098.  Per TurboTax AI Assistant:

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To enter mortgage interest without a Form 1098 in TurboTax, follow these steps:

  1. Open TurboTax: Start your tax return.
  2. Navigate to Deductions & Credits: Go to the "Deductions & Credits" section.
  3. Find Mortgage Interest: Look for the "Mortgage Interest and Refinancing" section.
  4. Select 'Other Interest Paid': If you didn't receive a Form 1098, you can enter the amount in the "Other interest paid" field.
  5. Provide Details: Enter the lender's information and the amount of interest you paid.

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However, there is no 'Other Interest Paid'.  Does anyone know where I can find this?

    1 reply

    PatriciaV
    February 26, 2025

    In TurboTax for Desktop, go to Federal Taxes >> Deductions & Credits >> "I'll choose what I work on" >> Mortgage Interest, Points, etc. >> Start/Update >> Add a Lender.

     

    Note this section will accept interest paid on a primary residence or a second home. If you paid investment interest, or interest for a business or rental property, you would need to report the expense under the related topic.

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    ZorbaWLAuthor
    February 26, 2025

    What you stated above is for the entry using a 1098 form.  Can you provide information on entering mortgage interest without any 1098 form?  If filing manually, I will be able to do this.  Also, other tax software, e.g., TaxSlayer, TaxAct, provide forms for me to enter interest without 1098.

    DawnC
    February 26, 2025

    Use the same instructions even if you don't have a 1098 form.   The lender is whoever you paid the interest to.   You will be asked a question about which situations apply.  Mark the box that says I do not have a 1098.  

     

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