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kodiakice1947
New Member

What do you do with a 1098 for 2017? Bank said due to new tax laws do we Ned to contact IRS?

 
1 Best answer

Accepted Solutions
AnnetteB
Intuit Alumni

What do you do with a 1098 for 2017? Bank said due to new tax laws do we Ned to contact IRS?

No, you do not need to contact the IRS about your return, but you may want to amend your return to include the additional deduction for your Mortgage Insurance Premiums.

Here are the instructions for amending a 2017 tax return to include the additional deduction.  The article will give you some guidance about whether it is beneficial to amend your return.

https://ttlc.intuit.com/replies/6749144


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4 Replies
MichelleT
Level 2

What do you do with a 1098 for 2017? Bank said due to new tax laws do we Ned to contact IRS?

Is this a 1098 for your Mortgage?
MichelleT
Level 2

What do you do with a 1098 for 2017? Bank said due to new tax laws do we Ned to contact IRS?

Do you have Mortgage Insurance on this form? PMI
kodiakice1947
New Member

What do you do with a 1098 for 2017? Bank said due to new tax laws do we Ned to contact IRS?

Yes we have PMI
AnnetteB
Intuit Alumni

What do you do with a 1098 for 2017? Bank said due to new tax laws do we Ned to contact IRS?

No, you do not need to contact the IRS about your return, but you may want to amend your return to include the additional deduction for your Mortgage Insurance Premiums.

Here are the instructions for amending a 2017 tax return to include the additional deduction.  The article will give you some guidance about whether it is beneficial to amend your return.

https://ttlc.intuit.com/replies/6749144


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