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How do I treat upfront Mortgage Insurance Premiums, and property taxes, paid at closing?
I bought a house in 2016, via FHA, so I paid Mortgage Insurance Premium upfront, at closing. When I walked through TurboTax, it put that full amount in line 13 of Form 1040 Schedule A. But in doing more research, it looks like I'm supposed to spread that amount over a few years?
Also, my 1098 shows no property tax paid in Box 10, but my closing documents show I paid 2 months of taxes (closing date was mid October), so can I deduct that amount
Also, my 1098 shows no property tax paid in Box 10, but my closing documents show I paid 2 months of taxes (closing date was mid October), so can I deduct that amount
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‎June 6, 2019
2:27 AM