Yes, you can claim your interest mortgage, mortgage insurance (not homeowners insurance) and taxes.All data entry is located in:Federal TaxesDeductions and Credits Your Home - select your respective entryNote: Since it is a land contract, you won't have 1098 form most likely, make sure to check the box I did not receive 1098, after you enter your Lender's name, and be sure to answer Seller-Financed Loan questions.

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BuyingBuying home on land contract. We are paying interest and insurance and taxes can we claim it

Forum|Forum|7 years ago
June 1, 2019
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Best answer by MargaretL

Yes, you can claim your interest mortgage, mortgage insurance (not homeowners insurance) and taxes.

All data entry is located in:

Federal Taxes
Deductions and Credits
Your Home - select your respective entry

Note: Since it is a land contract, you won't have 1098 form most likely, make sure to check the box I did not receive 1098, after you enter your Lender's name, and be sure to answer Seller-Financed Loan questions.

MargaretLAnswer

Employee

Yes, you can claim your interest mortgage, mortgage insurance (not homeowners insurance) and taxes.

All data entry is located in:

Federal Taxes
Deductions and Credits
Your Home - select your respective entry

Note: Since it is a land contract, you won't have 1098 form most likely, make sure to check the box I did not receive 1098, after you enter your Lender's name, and be sure to answer Seller-Financed Loan questions.