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New Member
posted Jan 24, 2024 2:14:17 PM

What is hazardous insurance that shows on my 1098?

in hazardous insurance the same as homeowners insurance?

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1 Best answer
Level 15
Jan 24, 2024 2:16:07 PM

Yes----hazard insurance is the homeowner insurance you get for flood, fires, sudden damage to your home etc.  It is not deductible for your personal home.

2 Replies
Level 15
Jan 24, 2024 2:16:07 PM

Yes----hazard insurance is the homeowner insurance you get for flood, fires, sudden damage to your home etc.  It is not deductible for your personal home.

Level 15
Jan 24, 2024 2:16:27 PM

Yes, they are the same.  Homeowners Insurance and/or Hazardous Insurance are not deductible on your tax return for a personal residence, not used as a rental or in a business.