My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it?
Written By: admin on January 25, 2010
One Comment
My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it? and if I can how?
The amount is over 2K and it is listed on my Settelment Statement. Mortgage is though Bank of America. I was plotting to call IRS and my bank but they are closed on the weekends.
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Tags: bank of america, insurance, irs, mortgage insurance, Mortgage or Home LoansTags: bank of america, insurance, irs, mortgage insurance
Dear Eva: You can deduct it but you may need proof of payment by the IRS. Contact your lender or provider and get documentation. If you paid it, deduct it.
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more Errol Quinn Enrolled Agent