jna1210
New Member

Box 5 on 1098 is it tax deducible. From buying a new home.

I got my 1098 from buying my new house. There is $3,880.39 in box 5. And at the bottom in states this---Box 5. If an amount is reported in this box, it may qualify to be treated as deductible mortgage interest. See the 2017 Schedule A (Form 1040) instructions and Pub. 936. Is this tax deductible?