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psu2k
New Member

Can i add hazard insurance and mortgage insurance to my property taxes paid on Form 1098??? Or do i just list property tax number only??

 
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MinhT
Expert Alumni

Can i add hazard insurance and mortgage insurance to my property taxes paid on Form 1098??? Or do i just list property tax number only??

Hazard insurance is not deductible.

The deduction for mortgage insurance was re-instated as an itemized deduction for tax years 2018 and 2019.

You can also deduct mortgage interest and property taxes.

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3 Replies
MinhT
Expert Alumni

Can i add hazard insurance and mortgage insurance to my property taxes paid on Form 1098??? Or do i just list property tax number only??

Hazard insurance is not deductible.

The deduction for mortgage insurance was re-instated as an itemized deduction for tax years 2018 and 2019.

You can also deduct mortgage interest and property taxes.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can i add hazard insurance and mortgage insurance to my property taxes paid on Form 1098??? Or do i just list property tax number only??

Can i add hazard insurance and mortgage insurance to my property taxes paid on Form 1098??? Or do i just list property tax number only??

Can i add hazard insurance and mortgage insurance to my property taxes paid on Form 1098??? Or do i just list property tax number only??


@vdalonzo wrote:

Can i add hazard insurance and mortgage insurance to my property taxes paid on Form 1098??? Or do i just list property tax number only??


As stated in the answer above - Hazard insurance is not deductible.

 

Mortgage insurance was re-instated as an itemized deduction for tax years 2018 and 2019.

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