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January 28, 2020
Question

Can I still add my house as a deduction even though I don't have a 1098 form for this year?

  • January 28, 2020
  • 1 reply
  • 0 views
Bought the house in November but didn't start paying a mortgage until Jan 1ST

1 reply

AmyC
Employee
January 28, 2020

Personal home or rental home:

 

Personal home: If you are itemizing, you can add any property tax you may have paid at closing along with any interest and points. You have the closing documents to support you if the IRS audits you.

 

Rental property: was it rented? If so, then the house needs to be added and depreciation started.

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