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On my 1098 there is a dollar amount in box 10. Do I enter that amount in the Property (real estate) Taxes box?

 
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2 Replies

On my 1098 there is a dollar amount in box 10. Do I enter that amount in the Property (real estate) Taxes box?

can't answer your question. there are various items that the financial institution can put in that box.  it could be RE taxes but also could include property insurance paid out of escrow or other things.   you should know what your real estate tax bill was. in Turbotax the box is only intended for RE taxes. 

LeonardS
Expert Alumni

On my 1098 there is a dollar amount in box 10. Do I enter that amount in the Property (real estate) Taxes box?

The financial institution that issued Form 1098 can use Box 10. "... to Enter any other item .... to report to the payer, such as real estate taxes, insurance paid from escrow, or, if you are a collection agent, the name of the person for whom you collected the interest". Ref: IRS

 

The only way to know what the amount in Box 10 is for is to contact the financial institution and ask then what the amount is for.

 

This link Instructions for Form 1098 (01/2022) has information you may find useful.

 

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