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  1. Enter any other item you wish to report to the payer, such as real estate taxes, insurance paid from escrow, or, if you are a collection agent, the name of the person for whom you collected the interest.

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  3. Here are some ways to figure it out: Check box 10 ( Other) on Form 1098 from your mortgage company. Review your bank or credit card records if you paid the property/real estate tax yourself. Go to your city or county tax assessor's website and look for a link to Property search or Property Tax records. Keep in mind:

  4. Jan 29, 2022 · The property taxes listed on the 1098 form is what your lender paid to the taxing agency on your behalf. That is the amount you claim on your income tax return. However, you won't be able to deduct your property taxes if you're taking the Standard Deduction.

  5. Aug 9, 2024 · OVERVIEW. If you pay taxes on your personal property and real estate that you own, you payments may be deductible from your federal income tax bill. Most state and local tax authorities calculate property taxes based on the value of the homes located within their areas, and some agencies also tax personal property.

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  6. Form 1098 Tax Document. Obtain Form 1098 from your mortgage lender. This tax document lists the mortgage interest you pay during the year and also lists any real estate taxes your lender paid on...

  7. Schedule A, C, or E (Form 1040) for how to report the mortgage interest. Also, for more information, see Pub. 936 and Pub. 535. Payer’s/Borrower’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN).

  8. file Form 1098 to report the refund (or credit) of the overpayment. See Reimbursement of Overpaid Interest, later. Also use Form 1098 to report mortgage insurance premiums (MIP) of $600 or more you received during the calendar year in the course of your trade or business from an individual, including a sole proprietor, but only if

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