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aomongelluzzo
Returning Member

Is box 10 on my 1098 the amount I should use for Property Real Estate Taxes?

Thank you so much for your help! @AmyC 

Catfish88
New Member

Is box 10 on my 1098 the amount I should use for Property Real Estate Taxes?

Can I deduct my share of the real estate taxes and mortgage interest paid by the cooperative if I am taking the standard deduction?

RaifH
Expert Alumni

Is box 10 on my 1098 the amount I should use for Property Real Estate Taxes?

No, assuming this was your personal residence and not used in a business or as a rental. If you take the standard deduction, you may not deduct mortgage interest or property tax for your main home or a second home. 

 

TurboTax will automatically select the deductions that will give you the best result on your tax return but don't neglect to include other itemized deductions you may be entitled to. 

@Catfish88

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