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I own a home and received my 1098 in February.I completed my…

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I own a home...

I own a home and received my 1098 in February.I completed my taxes myself. I received an email from my lender that they were sending a new 1098 that included the Mortgage insurance premiums that were added to the 1st 1098. I have already sent in my taxes and received a refund. What happens now?\

Accountant's Assistant: The Accountant will know how to help. Is there anything else important you think the Accountant should know?

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Submitted: 1 month ago.Category: Tax
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3/20/2018
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 17,610
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago

Those are added to your Mortgage interest on the Schedule A so you can prepare a 1040X to see if the new amount on the 1098 is enough to get you back ore of a refund. You are not required to claim that deduction but you can.

You would need to file the Schedule A and the 1040X if you want to amend and add that to your return. You cannot e-file an amended return so if you do file the 1040X you will have to mail it.

Please let me know if you need more information.
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