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Form 1098: Mortgage Interest Statement - Page 1
Real estate

Form 1098: Mortgage Interest Statement

Lenders report mortgage interest of $600 or more paid by a borrower during the year, plus points, mortgage insurance premiums and property information. Homeowners use it to deduct mortgage interest.

Rev. April 2025
Source: Internal Revenue Service (IRS)
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Instructions for filling out Form 1098: Mortgage Interest Statement

This template is used for official filing and documentation. Below are detailed instructions for completing, requirement details, and submission rules.

Who needs to fill out this document?

This form is designed for use by legal entities, individuals, or authorized representatives in the following cases:

  • Homeowners with a mortgage.
  • Lenders and loan servicers.
  • Individuals who receive mortgage interest in a trade or business.

What you will need before starting

Before filling out the interactive form, prepare the following details and documents:

1. Lender and borrower detailsNames, addresses and TINs.
2. Interest receivedMortgage interest paid by the borrower (box 1).
3. Loan detailsOutstanding principal, origination date and property address.
4. Points and refundsPoints paid on purchase and overpaid interest refunded.

Step-by-step filling process

  1. Enter lender and borrower: Recipient/lender and payer/borrower details.
  2. Report interest and principal: Boxes 1-3 for interest, principal and origination date.
  3. Add points and other items: Points, refunds, property tax and property address.
  4. Furnish and file: Borrower copy by January 31.

Frequently Asked Questions (FAQ)

Do I need Form 1098 to deduct interest?

No. You can deduct qualified interest with your own records, but the form makes it easier.

Can I deduct if I take the standard deduction?

No. Mortgage interest is only deductible if you itemize on Schedule A.

Can I file Copy A printed from this PDF?

No. Copy A sent to the IRS (or SSA) must be the official red-ink scannable version or filed electronically. Printable copies are fine for recipients and your records. Businesses filing 10 or more information returns in a year must e-file.

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