Question: Where do I find real estate taxes on 1098?

Where do I find my real estate taxes?

Here are some ways to figure it out:

  1. Checkbox 10 “Other” on Form 1098 from your mortgage company.
  2. Review your bank or credit card records if you paid the property/real estate tax yourself.
  3. Go to your city or county tax assessor’s website and look for a link to Property search or Property Tax records.

What is Box 10 on Form 1098 mortgage interest?

If more than one property secures the loan, shows the number of properties securing the mortgage. If only one property secures the loan, this box may be blank. Box 10. The interest recipient may use this box to give you other information, such as real estate taxes or insurance paid from escrow.

Do I have to file my mortgage 1098 if I’m not itemizing?

Do I Need to File 1098? No, you don’t have to actually file Form 1098—that is, submit it with your tax return. You only have to indicate the amount of interest reported by the form. And you generally only report this interest if you are itemizing deductions on your tax return.

Does a 1098 increase refund?

Your 1098-T may qualify you for education-related tax benefits like the American Opportunity Credit, Lifetime Learning Credit, or the Tuition and Fees Deduction. … If the credit amount exceeds the amount of tax you owe, you can receive up to $1,000 of the credit as a refund.

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Is county tax the same as property tax?

Yes, county tax or property tax should be the same thing; a tax paid based on the value of real estate or property that you own. It would generally be paid to the county and/or the city where the property is located.

Do I have to report mortgage interest paid?

You must report points if the points, plus other interest on the mortgage, are $600 or more. For example, if a borrower pays points of $300 and other mortgage interest of $300, the lender has received $600 of mortgage interest and must file Form 1098.

Do I have to put my 1098 on my tax return?

No, you don’t have to report your 1098-T, not unless you want to claim an education credit. However if your grant/scholarship amount (box 5) is more than your tuition (box 1/box 2) you may want to report it because excess scholarship money may be treated as taxable income on your return.

How does a 1098 mortgage affect my taxes?

The amount shown as interest paid on Form 1098 is the amount you deduct on your tax return. Where do I take this deduction? … If you received Form 1098 reporting the amount of mortgage interest you paid for the year, record your interest deduction on Line 8a. If you didn’t receive Form 1098, use Line 8b instead.