There are multiple 1098 forms. Each is reported differently.
1098-C
To enter a Charitable Contribution of a Motor Vehicle, Boat or Airplane that is reported on Form 1098-C into the program, choose the following path:
- Federal Section
- Deductions > Select My Forms
- Itemized Deductions
- Donations to Charity
- Non-Cash Donations
- My non-cash donations equal $500 or more
- Select "Vehicles, Boats, Planes, etc." from the Category drop down menu
- Complete the necessary information, at the bottom of the page check the box; if you were issued a 1098-C for this property and complete the 1098-C Form Information.
1098-E
If you received a 1098-E for interest that you paid on qualifying student loans during the tax year, to enter, go to:
- Federal Section
- Deductions > Select My Forms
- Adjustments to Income
- Student Loan Interest
1098-MA
Form 1098-MA is for informational purposes and is not reported on the tax return. Do not include mortgage assistance payments as income.
1098-T
Form 1098-T is reported as an Education Credit:
- Federal Section
- Deductions > Select My Forms
- Credits
- Education Credits
1098-Mortgage
How you claim the Mortgage Interest Deduction on your tax return depends on the way the property was used.
If the Mortgage Interest is for your main home, you would enter the Mortgage Interest as an Itemized Deduction. The entry would be made by following these steps:
- Federal Section
- Deductions > Select My Forms
- Itemized Deductions
- Mortgage Interest and Expenses
If you have Mortgage Interest for your rental home, you would enter the Mortgage Interest as an expense on your Schedule E. The entry would be made by following these steps:
- Federal Section
- Income > Select my forms
- Profit or Loss from Rentals and Royalties
- Expenses
- Mortgage Interest
Your mortgage deduction may be limited. See Mortgage Interest Reported on Form 1098 for details.