I am the buyer, not the seller. THe Seller contributed 13k to closing.
I have my 1098 with:
- Interest Paid
- Property Taxes Paid
- Mortgage Insurance Paid (ugh, long story)
However I also have my HUD1 from Settlement with the following. Am I to add these in to my deductions?
- "Adjustments for Items paid by Seller in Advance. County Taxes 8/9-12/31". I assume NO b/c it was paid by the Seller
- "Paid from Borrowers Funds at Settlement. Daily Interest charges 8/19-9/1". I assume YES
- "Paid from Borrowers Funds at Settlement. Mortgage Insurance Premium 5648". I assume YES. This is an FHA loan so there was a sum up front for PMI.
- Transfer Taxes??? No idea.
- I did not include anything from Escrow, only what was paid out in 2015.