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New Member
posted Jun 4, 2019 2:06:35 PM

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

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1 Best answer
Intuit Alumni
Jun 4, 2019 2:06:41 PM

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


4 Replies
Level 2
Jun 4, 2019 2:06:36 PM

Is this a 1098 for your Mortgage?

Level 2
Jun 4, 2019 2:06:38 PM

Do you have Mortgage Insurance on this form? PMI

New Member
Jun 4, 2019 2:06:39 PM

Yes we have PMI

Intuit Alumni
Jun 4, 2019 2:06:41 PM

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