On a 1098 I paid $5576 in Hazard Insurance but box 5 says 0.00

posted

Box 5 is for Mortgage Insurance Premium. That is policy that pays the lender if it turns out that you don't really have title to the property and stop paying the loan. It is not currently tax deductible. Hazard insurance is pays if a hail storm damages your roof or if your house burns down. It is not deductible unless the property is a rental.

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