Information about Form 1098 Mortgage Interest Statement

Form 1098 is the statement your lender sends you to let you know how much mortgage interest, points, or private mortgage insurance you paid during the year.

Sometimes, these forms don't look like tax forms, but they should say Form 1098 somewhere on them. If you didn't receive a Form 1098 from your lender, the information might be reported on your January statement or bill from your lender.

If you paid more interest than your Form 1098 shows, you must attach a statement to your tax return that explains why you can deduct more than your lender reported on your Form 1098.

However, if you received a refund of interest, you must report the refund as well.

Here's how to get to the 1098 screens in the TurboTax Online:

1. Select the Tools button in the upper right-hand portion of the screen. 
2. Select Topic Search. 
3. When the window opens, type "1098" into the box, select the item that best describes the 1098 that you received, and then select GO. 
4. Follow the on-screen instructions to enter the information from your 1098.

Here's how to get to the 1098 screens in the TurboTax desktop or CD/download version:

1. Enter your cursor into the search box in the upper right-hand portion of the screen. 
2. Type "1098" into the box, click on the item that best describes the 1098 that you received. 
3. Follow the on-screen instructions to enter the information from your 1098.