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My Mortgage Insurance was financed with the home and does not appear on 1098, can I still deduct it?

Posted by Bidadari Lembayung Senja 24 January, 2010 - 31 views

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 planning to call IRS and my bank but they are closed on the weekends.

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Categories : Uncategorized Tags : America, amount, bank, bank of america, home, Insurance, IRS, mortgage, mortgage insurance, Settelment, statement

Comments
January 24, 2010

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

Posted by hrblockerrolquinn
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