box 10 1098 other taxes ytd, number different than property taxes

[dihahey]

Alright so my 1098 lists $1500 in box 10 and it says "other taxes ytd". I thought that maybe it was property taxes although that sounded very low. I got my property tax statement today and it is $3000. What is that $1500 then and where do I enter it?

I did refinance in April and have not received another 1098 from the previous lender. Thank you!

[KrisD15 · Accepted solution]

The IRS has no specific requirement for what is reported in Box 10 on a 1098. 

It is not needed by tax software and you could leave it blank.

You would need to contact the Lender to find out what the number they reported is. 

Chances are, it is only the portion of property tax that was paid during the time this new loan was active. 

When entering your property tax (if you think you might want to Itemize Deductions) use the statement or tax bills from your assessors office.

According to the IRS:

"Box 10. Other

Enter any other item you wish to report to the payer, such as real estate taxes, insurance paid from escrow, or, if you are a collection agent, the name of the person for whom you collected the interest."

Form 1098