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kejlucier
New Member

We refinanced our home, but do not have a 1098. We did not pay points. But did pay extra escrow and insurance where do we deduct those amounts ?

i called the lender and will not receive a 1098.

I need to include the escrow for the taxes at least, i already have to pay too much 

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xmasbaby0
Level 15

We refinanced our home, but do not have a 1098. We did not pay points. But did pay extra escrow and insurance where do we deduct those amounts ?

PMI is not deductible on a 2017 return--the PMI deduction expired in 2016.  You can deduct property taxes you paid in 2017 or mortgage interest you paid in 2017.  Money you just paid into an escrow account is not deductible.  Only the money paid out from the escrow account to pay property tax is deductible.  Homeowners insurance for flood, fire, etc. is not deductible.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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1 Reply
xmasbaby0
Level 15

We refinanced our home, but do not have a 1098. We did not pay points. But did pay extra escrow and insurance where do we deduct those amounts ?

PMI is not deductible on a 2017 return--the PMI deduction expired in 2016.  You can deduct property taxes you paid in 2017 or mortgage interest you paid in 2017.  Money you just paid into an escrow account is not deductible.  Only the money paid out from the escrow account to pay property tax is deductible.  Homeowners insurance for flood, fire, etc. is not deductible.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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