Mortgage insurance amount on form 1098 box 5 (VA funding fee) is same from refi originator and new loan servicer. Do I enter both for each 1098?

mycmbtax · ‎June 4, 2019

It seems strange that the exact VA Funding fee appears on both 1098s. I paid the fee as part of the refi. Do I enter the amount for both 1098s since it listed on both. I have not received any corrected 1098s

Marketstar · ‎June 4, 2019

No, deduct the VA Funding Fee only once with your original lender in the below area:

Type in mortgage interest the search box, top right of your screen, then click the magnifying glass
Click the jump to mortgage interest link in the search results
Follow to prompts and online instructions

See Let's get the details from your lender 1098 now page

Enter in Box #5, Mortgage insurance premium

Mortgage insurance amount on form 1098 box 5 (VA funding fee) is same from refi originator and new loan servicer. Do I enter both for each 1098?

Deductions & credits