I bought a home in 2016 and on the form `1098 in box 5 for mortgage insurance premiums it is 0. However on my closing statement mortgage insurance premiums paid is $1305

[lunag1991]

Which one do I put on my tax form?

[kathleen3]

It depends on your situation:

If you have qualified mortgage insurance provided by the Department of Veterans Affairs or the Rural Housing Service you may fully deduct the premiums paid at closing in 2016.  

Otherwise, if the mortgage insurance premiums you paid at closing are prepaid mortgage insurance premiums special rules apply and you must allocate the premiums over the shorter of the stated term of the mortgage or 84 months, beginning with the month the insurance was obtained.