Common questions about Schedule A itemized deductions and interest

Below, you'll find answers to frequently asked questions about Schedule A itemized deductions and interest in Lacerte:

How to enter Nominee Interest Not Reported on a 1098

Where can I enter nominee interest paid to show on Schedule A and generate a statement to explain it was mortgage interest paid on behalf of someone else.

To enter the interest paid as a nominee;

1. Go to Screen 25, Itemized Deductions
2. Scroll to the Interest section
3. In the field labeled Home Mortgage interest not on Form 1098 (Ctrl+E), press Ctrl + E and enter:

• Payee's Name
• Payee's SSN
• Complete address
• Amount paid

This information will appear on the Schedule A, line 11, and will be included in the total on line 15.

To add an additional statement detailing the nominee information and circumstances go to Screen 47, Notes, and mark it as a statement before typing your statement of circumstances

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