Yes, you can use the HUD-1 settlement statement to locate the additional expenses not reported on form 1098. Be careful not to duplicate the expenses. Select Federal Taxes>Deductions & Credits. Enter interest, points, mortgage insurance and property taxes in the Your Home section.
Items on HUD
settlement statement that may be deductible:
interest paid at the
time of purchase (the charge at closing would normally be done for
interest up to the date of first payment). Line 901.
real estate taxes charged
to you. Line 1004.
points - On a
refinance they need to be amortized over the life of the loan; unless the
points were used to improve your main home, - lines
801 and 802, net on 803 on the HUD-1
insurance costs but, if prepaid, only the amount allocated to
this year based on an 84 month amortization. Line
Other fees, such as commissions, attorney fees,
preparation of deed, abstract fees, owner title insurance, recording fees
are added to the basis of your home,
and not deductible.
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