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…
I purchased a house in 2025 and paid for points on my purchase. My bank immediately sold the mortgage to another company so I received two form 1098 for the year. Both 1098 forms have the same amount entered in box 2 and in box 6 for points paid on the purchase. Do I enter the amounts in boxes 2 and 6 in only one 1098 when…
I had 2 mortgages in 2024 not due to a refinance or sale but rather due to carrying a mortgage for 2 properties. 1 mortgage was a new mortgage for a newly purchased primary home. The other mortgage was for our previous primary home which was eventually sold in 2024. What is the recommended way to calculate the average…
I received two separate 1098-E forms for my students loans (one for my private and one for my federal) and I can't figure out how to enter them both. For the 1098-E section, all it says is "did you receive a 1098-E" y/n and then asks for the total amount of interest. There is no option to add another form. Thank you
I purchased my primary home in 2024 and have one mortgage, but received two 1098 Mortgage Interest Statements. One from the Lender and Servicer. The Lender's 1098 seems to be for the Prepaid Interest and Points paid during closing, while the servicer's 1098 is my "regular" one. If I put in both 1098s, the system seems to…
Hello! I am reporting mortgage interest and points paid on someone else's 1098. Everything seems straightforward until I reach a page titled "Tell us more about each loan shown below" and subtitled "Based on the information you've entered, your mortgage interest deduction may be limited. Please fill in the information…
Hi, my mortgage was sold to another lender during June 2024, and as such I have two 1098 forms for 2024. After I input the information and proceed to the next page, I'm asked to tell more about each of the referenced loans, where it asks what is the "loan balance as of January 1, 2025". For the first lender section, what…
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