THen just work it through when you come to it. You'll find that you can't deduct what you may think. That "first time home buyers" stuff went away a few years ago. You'll deal with this in the Your HOme section under the deductions and credits tab. Just indicate that you did own a home in 2016, and you'll be asked for your deductible stuff Basically, all you get really is mortgage interest and property taxes. WHere you have to be careful is that you don't double-dip without realizing it.
The closing statement will have on it the interest you paid at the closing. That interest covers the period from the closing date, until you made the first statement.
The 1098 *should* only have the interest on it that was included with each payment. The two interest amounts added together would be your total deductible mortgage interest paid in 2016. But here's where you have to be careful. If the 1098 includes the interest reported on your final closing statement, you'll be "double-dipping" if you add the two together. So if you're not sure, you may need to confirm with the lender that the 1098 does NOT include the interest reported on your final closing statement.
Now for the property taxes, the same holds true. Just re-read the above replacing "interest" with "property taxes".
Generally, the only property taxes paid in 2016 will be on the final closing statement. But if more were paid "IN 2016" from your escrow account, the lender will sometimes report that to you on the 1098 somewhere, clearly labeled as property taxes, or real estate taxes.
