My 1098 for my rental property has $0 listed in box 4 for mortgage insurance. When I look at my escrow summary for the year, however, I see that I paid $692.00 for homeowners/property insurance and $420.84 for Mortgage Insurance Premium (MIP) through 12 monthly escrow payments. Are both of these insurance amounts deductible rental expenses or not since they are not on the 1098 issued by the bank?
