IRS Form 1098: Mortgage Interest Statement
Form 1098 is the statement your mortgage lender sends showing the mortgage interest you paid during the year. Lenders also send it to the IRS. People who itemize deductions use it to report mortgage interest, and the IRS can compare it with the amount claimed on a return.
What this form is for
It reports mortgage interest and some related amounts, such as points and, in some cases, property tax paid through the loan.
When people usually use it
Homeowners receive it early in the year. It matters when an IRS letter questions a mortgage interest deduction or when you are gathering records for a past year.
What to have ready
- Every Form 1098 from your lenders
- Your loan's annual statement
- Last year's return, if you itemized
Notices that mention it
- IRS Notice CP2000: Proposed changes to your tax return
Related forms
- Form 1040: U.S. Individual Income Tax Return
- Form 4506-T: Request for Transcript of Tax Return
Read the IRS page
IRS.gov page for Form 1098 (opens in a new tab). The IRS page is the final word on this form.
Frequently asked questions
What is IRS Form 1098?
Form 1098 is the statement your mortgage lender sends showing the mortgage interest you paid during the year. Lenders also send it to the IRS. People who itemize deductions use it to report mortgage interest, and the IRS can compare it with the amount claimed on a return.
Where do I get Form 1098?
Use the official IRS page, https://www.irs.gov/forms-pubs/about-form-1098. Copies from other sites may be out of date, and the IRS page is the final word.
Do I need to file Form 1098?
There is no single answer. Check the IRS page for Form 1098 and any letter that asked about it. For advice on your case, talk with a tax professional.
What should I have ready for Form 1098?
Most people start with: every form 1098 from your lenders; your loan's annual statement; last year's return, if you itemized. The instructions on IRS.gov list everything the form asks for.
If you have an IRS letter
The OweRight iPhone app reads your letter and explains what it says in plain English. Join early access and we will let you know when it is available.
OweRight is not the IRS and does not give tax or legal advice.