2007-12-22 17:17:40 · 5 answers · asked by caltrans2002 1 in Business & Finance ➔ Taxes ➔ United States
You should get a 1098 statement from your mortgage company. It will state how much mortgage interest you paid in the past year. If you escrow, it will also state what you paid in property taxes because that is also something you can claim.
2007-12-22 17:46:16 · answer #1 · answered by j-man 4 · 0⤊ 0⤋
All the above answers are true assuming the mortgage is in your name. If this is the case, don't forget to include all the property tax you paid as well on your :Schedule A.
2007-12-23 13:15:32 · answer #2 · answered by darkridr 6 · 0⤊ 0⤋
Yes, if you do the 1040 schedual A.
2007-12-22 17:38:33 · answer #3 · answered by Nifty Bill 7 · 0⤊ 0⤋
Interest and taxes.
If they are more than the standard deduction, as it is an "either/or" proposition.
2007-12-22 17:32:41 · answer #4 · answered by Gem 7 · 0⤊ 0⤋
As long as you have enough to make itemizing worthwhile, yes.
2007-12-22 17:33:01 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋