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July 14, 2020
Question

Can i deduct the hazard insurance listed on my 1098?

  • July 14, 2020
  • 1 reply
  • 0 views
this insurance is not listed in box 5 mortgage insurance but in a separate area

1 reply

DoninGA
Employee
July 14, 2020

No, you cannot claim the hazard insurance on your personal residence as a deduction on your tax return, if it is not being used as a rental or in a business.