Rev. January 2022
These instructions provide guidance on how to complete Form 1098, Mortgage Interest Statement. The form is used by recipients of mortgage interest payments to report those payments to the IRS and to the payers/borrowers. The instructions cover topics such as what information must be reported, how to determine the amount of mortgage interest and points paid, and when the form must be furnished to the payers/borrowers.
Form 1098, Mortgage Interest Statement, is used by lenders to report certain mortgage interest and other information to individual taxpayers and the Internal Revenue Service (IRS) for federal income tax purposes.
Form 1098, Mortgage Interest Statement, reports mortgage interest paid during the calendar year. Form 1098-T, Tuition Statement, reports amounts paid for qualified tuition and related expenses to students or other individuals responsible for paying those expenses.
Box 1: Name of Borrower
Box 2: Address of Borrower
Box 3: Social Security Number of Borrower or Other Identifying Number (ITIN)
Box 4: Refund of Overpaid Interest
Box 5: Mortgage Insurance Premiums
Box 6: Points Paid on Purchase of Principal Residence
Box 7: Address of Property Securing Mortgage or Description of Property Securing Mortgage and Number of Mortgaged Properties (if multiple properties)
Box 8: Other Information to be Reported by Lender to Borrower
Box 9: Total Interest Paid
Box 10: Credits
Form 1098 must be furnished to the recipient by January 31 of the year following the calendar year in which the mortgage interest was paid. The lender must also file a copy with the IRS by February 28 (or March 31 if filing electronically).
Form 1098 reports the mortgage interest paid during the calendar year, any points paid or received, certain closing costs, and other information related to the mortgage.
Individual taxpayers receive a Form 1098 from their lender if they have paid mortgage interest during the calendar year. The IRS also receives a copy of each Form 1098.
Form 1098 is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
The easiest way to fill Form 1098 online
Delete filling session
Delete editing session
