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Updated almost 7 years ago on . Most recent reply

User Stats

96
Posts
52
Votes
Matt Romano
  • Realtor
  • Warren, RI
52
Votes |
96
Posts

Didn’t receive 1098. Helping a friend here!

Matt Romano
  • Realtor
  • Warren, RI
Posted
So I’m posting this on behalf of a friend of mine. Who purchased a SFH late last year (closed on Dec. 16th). This home was purchased with FHA and will be his primary residence. He didn’t get a 1098 form. And called the bank to inquire about this, and they said he wouldn’t be getting one. His loan has already been sold over to Fannie Mae (don’t think this is relevant). But he worries that he is missing on deductions he could / should be taking. He paid taxes and insurance at closing, and presumably some PMI too? Any insight on this stuff guys? Thanks in advance!!!

Most Popular Reply

User Stats

96
Posts
52
Votes
Matt Romano
  • Realtor
  • Warren, RI
52
Votes |
96
Posts
Matt Romano
  • Realtor
  • Warren, RI
Replied

Thanks for the responses guys! Pretty sure the mortgage insurance is deductible though @Wayne Brooks Basically just the mortgage interest and the PMI are deductions. Does that sound right?

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