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April 17, 2023
Question

Where do you enter Hazard Insurance that is listed on the 1098 form (that is separately listed from Tax Escrow)? do you combine these values in the Property Taxes field ?

  • April 17, 2023
  • 1 reply
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1 reply

April 17, 2023

No, don't combine your hazard insurance with your property taxes. They are very different expenses.

 

If the insurance on your home, it is not deductible.

 

If the insurance is on a rental or a business property, enter the amount as insurance in the rental or self-employment section. 

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baja_fa18Author
April 18, 2023

many thanks