The lender is not required to send a 1098 form for interest they receive until they collect $600 or more. This is often the case when you close on a home in December.
However if you paid interest, property taxes, mortgage insurance premiums and points at closing, these are still deductible expenses for you, if you itemize. You can enter these expenses in the Your Home section. It doesn't hurt anything to see if you have enough to itemize.
Enter any other schedule A expenses that you might have, such as charity deductions, medical expenses that exceed 7.5% of adjusted gross income, sales taxes for big ticket items, etc. If your total itemized deductions exceed your standard deduction, you will receive the greater deduction.
Items on closing disclosure form that may be
deductible:
-
interest paid
at the time of purchase (the charge at closing would normally be done for
interest up to the date of first payment).
-
real
estate taxes charged to you.
- Private mortgage insurance premiums
-
points -
On a refinance they need to be amortized over the life of the loan; unless
the points were used to improve your main home.
Other fees, such as commissions, attorney fees, preparation
of deed, abstract fees, owner title insurance, recording fees are added to
the basis of your home, and not deductible.
https://www.irs.gov/pub/irs-pdf/p936.pdf
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