turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
DavidD66
Expert Alumni

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

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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

Thanks!

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies