AnnetteB6
Expert Alumni

State tax filing

Yes and no.  The expenses will be added together, but if you had mortgages, you will enter the information as it was reported to you on your Form 1098 showing the mortgage interest paid. 

 

These statements usually include property tax payments as well if it was paid through an escrow account.  If the property tax amounts are not reported on Form 1098, then you can simply add those together and report it as a single amount for property tax.  

 

The end result will be that everything will be added together on your Schedule A for itemized deductions.

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