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Level 1
June 1, 2019
Solved

Can I deduct property taxes not listed on 1098?

  • June 1, 2019
  • 1 reply
  • 4 views
When I received my 1098 from our lender it does not show the property taxes which are paid through escrow. I have the escrow statement which shows the two half payments made to the county for property tax. Can this be deducted even if it's not listed on the 1098?
Best answer by MargaretL

Yes, real estate taxes can be deducted as long as they have been paid. They don't have to be listed on 1098; please be sure to keep your escrow statement for your records as a proof that taxes were paid in 2016.

  1. Federal Taxes
  2. Deductions &Credits
  3. Your Home
  4. Property Taxes - enter amount of property tax that you paid or were paid on your behalf through escrow

1 reply

MargaretL
MargaretLAnswer
Level 12
June 1, 2019

Yes, real estate taxes can be deducted as long as they have been paid. They don't have to be listed on 1098; please be sure to keep your escrow statement for your records as a proof that taxes were paid in 2016.

  1. Federal Taxes
  2. Deductions &Credits
  3. Your Home
  4. Property Taxes - enter amount of property tax that you paid or were paid on your behalf through escrow