Form1098 Schedule A: Itemized Deductions Line 8a -is it possible to attach an explanation stmt?

Question

Hello - I own 60% of my home as tenants in common.  Is it now possible to attach an explanation statement to Schedule A line 8a, to explain the modified amount?  I want to e-file and not mail in my taxes.  I saw in a response to a different community question on "1098 filing separate" in 2024 that it wasn't.  But hopefully some updates were done to allow attachments for this line now?

kiarab · Answer

Hello ponzi,

You are not required to provide documentation. According to the instructions for line 8a of Schedule A, it says that if you have a 1098 that reports a shared interest, you will deduct only your share of the interest on line 8a. And you should still be able to e-file.

https://www.irs.gov/instructions/i1040sca

You should keep something in your personal records to document your share of the interest in the off-chance you are audited.

ponzi · Answer

https://community.freetaxusa.com/discussion/comment/7066#Comment_7066

Bummer - I know Turbo Tax allows an explanation attachment for this line so I was hoping FreeTaxUSA would have the same feature.

melissagregoired · Answer

No, there hasn’t been an update allowing a separate explanation attachment for Schedule A line 8a when e-filing. The IRS instructions still only mention attaching a statement if you paper-file.