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I closed on a new home purchase in 2017. I have property taxes paid listed on my Alta settlement statement. Is this amount already accounted for in the 1098?

Can I claim the amount for property taxes paid on the settlement statement in addition to the amount on the 1098?
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I closed on a new home purchase in 2017. I have property taxes paid listed on my Alta settlement statement. Is this amount already accounted for in the 1098?

Yes, but to make sure you do not enter the same expenses twice, do consult with your lender.

The following items on your HUD-1 statement are deductible.

Lines 210 and 211 have county and city property tax info. This should be added to any other property tax paid during the year

Lines 801 and 802 are mortgage points.

Line 901 is daily mortgage interest


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I closed on a new home purchase in 2017. I have property taxes paid listed on my Alta settlement statement. Is this amount already accounted for in the 1098?

Yes, but to make sure you do not enter the same expenses twice, do consult with your lender.

The following items on your HUD-1 statement are deductible.

Lines 210 and 211 have county and city property tax info. This should be added to any other property tax paid during the year

Lines 801 and 802 are mortgage points.

Line 901 is daily mortgage interest


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