turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts All About the Refund! >> Event happening NOW!!!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

In box 10 of my 1098 form it has "principal paid" & "late charge paid" Do I list these amounts in "Your portion of real estate taxes"? I sold my house in April 2016.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Mohan
New Member

In box 10 of my 1098 form it has "principal paid" & "late charge paid" Do I list these amounts in "Your portion of real estate taxes"? I sold my house in April 2016.

Real estate taxes are property taxes you pay to the county. It has nothing to do with the amount of principal repaid by you on your mortgage.

The amount of mortgage interest paid by you (reported on your 1098 form) should be entered on Schedule A for itemized deduction. To the best of my knowledge the amount of principal paid does not figure anywhere in the taxes.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies