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Level 1
Jun 6, 2019 9:15 AM UTC
Question

Is 1098 amounts deductible in foreclosure situation?

If I received a 1098 that has amounts in Boxes 5 and 10 that were paid by the mortgage company (I did not make any mortgage payments in 2016) are these amounts deductible by me?

1 reply

MichaelL1
Level 15
Jun 6, 2019 9:15 AM UTC

If they were not paid by you, they are not deductible.  

This happens often on foreclosures.