If we bought our house in November 2019 but did not receive a 1098, do we contact our mortgage company?

[jessica-l-moore4]

Our first statement was January 1st 2020. However, we closed on the house November 21st. How do fill in the information without having a 1098?

[Opus 17 · Accepted solution]

The only mortgage interest and property taxes that you paid in 2019 would be listed on your closing statement. You probably paid daily interest from the closing date through November 30, and you probably paid the seller a credit for property taxes that the seller pre-paid that are allocated to the period of time when you owned the home. That credit is deductible property taxes as if you paid it directly to the taxing authority.

If you paid mortgage insurance premiums (PMI or MIP) or mortgage points, that would also be on your closing statement.

You can enter the name of the closing bank as the lender and check the box for I don’t have a 1098.