- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
If you have a 1098 for your mortgage, you can add the VA funding fee to any amount already included in box 5 for mortgage insurance premiums. If you do not have a 1098, or if you prefer to keep things separate, you can create an imaginary 1098 in the name of the closing bank and only enter the VA funding fee in box 5 for mortgage insurance. Either way, it ends up in the same place on the tax return.
‎April 13, 2021
12:22 PM