As I understand, there are 4 items to note on a closing disclosure document (formerly HUD-1) that are deductible:
1. Prepaid Interest
2. Prepaid Taxes
3. Points
4. Mortgage Insurance Premiums
-Where are you able to deduct these items (Schedule A)?
-If the lender also issues a 1098, how do you know whether or not the interest and taxes (paid through escrow) were also included on the closing disclosure?
