You'll need to sign in or create an account to connect with an expert.
The 1098 is correct. You can deduct only the amount disbursed by your mortgage holder during the tax year. The amount on your assessment may not have needed to be paid during calendar 2016.
If you want to investigate further, you would call your mortgage holder.
The 1098 is correct. You can deduct only the amount disbursed by your mortgage holder during the tax year. The amount on your assessment may not have needed to be paid during calendar 2016.
If you want to investigate further, you would call your mortgage holder.
Many taxing authorities bill "in arrears." In those locations 2016 taxes aren't billed until 2017. Taxes are deductible in the year actually paid.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
slunell
New Member
Fatbottomboy
New Member
djng
New Member
theleeb
Level 3
jennylou
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.