We sold a house in SC although neither of us lived in SC in 2020. We received a mortgage statement form 1098. Are we to report that along with the sale of our home?

mrsbutterfly1 · ‎March 14, 2021

JohnB5677 · ‎March 14, 2021

Yes, if you think there is any chance of reaching the Itemized Deduction threshold you should.

If you are single you will get $12,400, $24,800 if married, as a Standard deduction. You would have to exceed that amount in Mortgage interest, Property Taxes, Medical expenses and Charitable giving to make it worthwhile to post it.

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mrsbutterfly1 · ‎March 14, 2021

Thank you very much!

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We sold a house in SC although neither of us lived in SC in 2020. We received a mortgage statement form 1098. Are we to report that along with the sale of our home?

We sold a house in SC although neither of us lived in SC in 2020. We received a mortgage statement form 1098. Are we to report that along with the sale of our home?

We sold a house in SC although neither of us lived in SC in 2020. We received a mortgage statement form 1098. Are we to report that along with the sale of our home?

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We sold a house in SC although neither of us lived in SC in 2020. We received a mortgage statement form 1098. Are we to report that along with the sale of our home?

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We sold a house in SC although neither of us lived in SC in 2020. We received a mortgage statement form 1098. Are we to report that along with the sale of our home?

We sold a house in SC although neither of us lived in SC in 2020. We received a mortgage statement form 1098. Are we to report that along with the sale of our home?

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