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Information about Form 1098, Mortgage Interest Statement, including recent updates, related forms and instructions on how to file. Use Form 1098 to report mortgage interest of $600 or more received by you from an individual, including a sole proprietor.
Form 1098 (Rev. January 2022) Attention: Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of Copy A of this IRS form is scannable, but the online version of it, printed from this website, is not.
Use Form 1098, Mortgage Interest Statement, to report mortgage interest (including points, defined later) of $600 or more you received during the year in the course of your trade or business from an individual, including a sole proprietor. Report only interest on a mortgage, defined later.
Form 1098 is an IRS form used by taxpayers to report the amount of interest and related expenses paid on a mortgage during the tax year when the amount totals $600 or more.
What is Form 1098? Form 1098 Mortgage Interest Statement is used by lenders to report the amounts paid by a borrower if it is $600 or more in interest, mortgage insurance premiums, or points during the tax year. Lenders are required to file a separate Form 1098 for each mortgage that they hold.
What is the IRS Form 1098? The IRS Form 1098 is used to report payments on mortgage interest and mortgage insurance premiums (MIP) of $600 or more. Form 1098 reports this information to the IRS for two reasons. The first is to help taxpayers claim tax credits for interest paid on their mortgage.
IRS form 1098 is a mortgage interest statement that is used to report mortgage interest of $600 or more received during the tax year. Here's how to fill out the form.