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1098 Question regarding Insurance Paid

Posted on 4/5/24 at 11:51 am
Posted by Question
Member since May 2020
227 posts
Posted on 4/5/24 at 11:51 am
On 1098, box 10, it gives me an amount for property tax and also an amount for insurance paid. However, when completing my info through HR Block, there is no box 10, rather it just ask for real estate taxes. Do I need to input my insurance paid somewhere, if so, how and where?

Thanks
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72623 posts
Posted on 4/5/24 at 12:13 pm to
my CPA does all this for me with my RE business and taxes.

can't help. good luck.
Posted by CEB
Member since May 2023
36 posts
Posted on 4/5/24 at 12:28 pm to
Unless it’s investment property there is no deduction for insurance paid. That is reported on 1098 for your information.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37093 posts
Posted on 4/5/24 at 12:33 pm to
Is it mortgage insurance or property insurance?
Posted by Question
Member since May 2020
227 posts
Posted on 4/5/24 at 12:57 pm to
Thanks
Posted by Question
Member since May 2020
227 posts
Posted on 4/5/24 at 12:57 pm to
It's for mortgage insurance
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72623 posts
Posted on 4/5/24 at 1:13 pm to
quote:

Unless it’s investment property there is no deduction for insurance paid. That is reported on 1098 for your information.




on some 1098's. some mortgage companies do not even put property insurance on there. just interest and property taxes. i deal with one.
This post was edited on 4/5/24 at 1:14 pm
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