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April 2, 2022
Question

Is the "principal paid" amount on my 1098 the same as property taxes?

  • April 2, 2022
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April 2, 2022

No, the principal paid is the amount of your mortgage payment that went to pay down the amount that was owed. The mortgage payment is applied to interest and principal on the loan. The property taxes are usually shown in box 4 of Form 1098.

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