The property taxes listed on the 1098 form is what your lender paid to the taxing agency on your behalf. That is the amount you claim on your income tax return. However, you won't be able to deduct your property taxes if you're taking the Standard Deduction.
- When your property/real estate taxes are included on your 1098, you’ll enter them as part of your Mortgage Interest in the property or real estate tax field.
- If they aren't listed on your 1098, you’ll enter them separately as property/real estate taxes.
Tip: If you own additional properties for personal use (like a cabin or timeshare), make sure to include the property/real estate payments for those as well.
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