Can I deduct the insurance and taxes paid on a property if they are not included in my mortgage payment? If so do I enter this amount under the 1098 entered?

theresa-rath12 · ‎February 25, 2025

VolvoGirl · ‎February 25, 2025

You can only deduct property tax not insurance.

Federal Taxes (Personal Home & Business version)
Deductions and Credits
Your Home
Property Taxes - Click the Start or Update Button

PatriciaV · ‎February 25, 2025

You can report property taxes for any property that isn't used for business. Enter this under Deductions >> Your Home >> Property Taxes. This topic is in the same section as Mortgage Interest from Form 1098.

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Can I deduct the insurance and taxes paid on a property if they are not included in my mortgage payment? If so do I enter this amount under the 1098 entered?