Federal Mortgage Interest Statement (Info Copy Only)
Extracted from PDF file 2019-federal-form-1098.pdf, last modified November 2018
Mortgage Interest Statement (Info Copy Only)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. Do not print and file copy A downloaded from this website; a penalty may be imposed for filing with the IRS information return forms that can’t be scanned. See part O in the current General Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more information about penalties. Please note that Copy B and other copies of this form, which appear in black, may be downloaded and printed and used to satisfy the requirement to provide the information to the recipient. To order official IRS information returns, which include a scannable Copy A for filing with the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on Employer and Information Returns, and we’ll mail you the forms you request and their instructions, as well as any publications you may order. Information returns may also be filed electronically using the IRS Filing Information Returns Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act Information Returns (AIR) program (visit www.IRS.gov/AIR). See IRS Publications 1141, 1167, and 1179 for more information about printing these tax forms. VOID 8181 CORRECTED RECIPIENT’S/LENDER’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. OMB No. 1545-1380 2019 Form 1098 1 Mortgage interest received from payer(s)/borrower(s) $ RECIPIENT’S/LENDER’S TIN PAYER’S/BORROWER’S TIN 2 Outstanding mortgage principal 3 Mortgage origination date $ PAYER’S/BORROWER’S name Mortgage Interest Statement 4 Refund of overpaid interest 5 Mortgage insurance premiums $ $ 6 Points paid on purchase of principal residence $ Street address (including apt. no.) 7 If address of property securing mortgage is the same as PAYER’S/BORROWER’S address, check the box, or enter the address or description in box 8. City or town, state or province, country, and ZIP or foreign postal code 8 Address or description of property securing mortgage (see instructions) Copy A For Internal Revenue Service Center File with Form 1096. For Privacy Act and Paperwork Reduction Act Notice, see the 2019 General Instructions for Certain Information Returns. 9 Number of properties securing the 10 Other mortgage 11 Mortgage acquisition date Account number (see instructions) Form 1098 Cat. No. 14402K Do Not Cut or Separate Forms on This Page www.irs.gov/Form1098 — Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page CORRECTED (if checked) RECIPIENT’S/LENDER’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. *Caution: The amount shown may OMB No. 1545-1380 not be fully deductible by you. Limits based on the loan amount and the cost and value of the secured property may apply. Also, you may only deduct interest to the extent it was incurred by you, actually paid by you, and not reimbursed by another person. Form 1098 2019 1 Mortgage interest received from payer(s)/borrower(s)* $ RECIPIENT’S/LENDER’S TIN PAYER’S/BORROWER’S TIN 2 Outstanding mortgage principal 3 Mortgage origination date Mortgage Interest Statement Copy B For Payer/ Borrower The information in boxes 1 through 9 and 11 is important tax information and is being furnished to the IRS. If you are $ $ required to file a return, a negligence penalty or other 6 Points paid on purchase of principal residence sanction may be imposed on $ you if the IRS determines that 7 If address of property securing mortgage is the same an underpayment of tax as PAYER’S/BORROWER’S address, the box is checked, or results because you the address or description is entered in box 8. overstated a deduction for this mortgage interest or for 8 Address or description of property securing mortgage (see these points, reported in instructions) boxes 1 and 6; or because you didn’t report the refund of interest (box 4); or because you claimed a nondeductible item. $ 4 Refund of overpaid interest PAYER’S/BORROWER’S name Street address (including apt. no.) City or town, state or province, country, and ZIP or foreign postal code 9 Number of properties securing the 10 Other mortgage 11 Mortgage acquisition date Account number (see instructions) Form 1098 5 Mortgage insurance premiums (Keep for your records) www.irs.gov/Form1098 Department of the Treasury - Internal Revenue Service Instructions for Payer/Borrower A person (including a financial institution, a governmental unit, and a cooperative housing corporation) who is engaged in a trade or business and, in the course of such trade or business, received from you at least $600 of mortgage interest (including certain points) on any one mortgage in the calendar year must furnish this statement to you. If you received this statement as the payer of record on a mortgage on which there are other borrowers, furnish each of the other borrowers with information about the proper distribution of amounts reported on this form. Each borrower is entitled to deduct only the amount he or she paid and points paid by the seller that represent his or her share of the amount allowable as a deduction. Each borrower may have to include in income a share of any amount reported in box 4. If your mortgage payments were subsidized by a government agency, you may not be able to deduct the amount of the subsidy. See the instructions for Form 1040, Schedule A, C, or E for how to report the mortgage interest. Also, for more information, see Pub. 936 and Pub. 535. Payer’s/Borrower’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN). However, the issuer has reported your complete TIN to the IRS. Account number. May show an account or other unique number the lender has assigned to distinguish your account. Box 1. Shows the mortgage interest received by the recipient/lender during the year. This amount includes interest on any obligation secured by real property, including a mortgage, home equity loan, or line of credit. This amount does not include points, government subsidy payments, or seller payments on a “buydown” mortgage. Such amounts are deductible by you only in certain circumstances. Caution: If you prepaid interest in 2019 that accrued in full by January 15, 2020, this prepaid interest may be included in box 1. However, you cannot deduct the prepaid amount in 2019 even though it may be included in box 1. If you hold a mortgage credit certificate and can claim the mortgage interest credit, see Form 8396. If the interest was paid on a mortgage, home equity loan, or line of credit secured by a qualified residence, you can only deduct the interest paid on acquisition indebtedness, and you may be subject to a deduction limitation. Box 2. Shows the outstanding principal on the mortgage as of January 1, 2019. If the mortgage originated in 2019, shows the mortgage principal as of the date of origination. If the recipient/lender acquired the loan in 2019, shows the mortgage principal as of the date of acquisition. Box 3. Shows the date of the mortgage origination. Box 4. Do not deduct this amount. It is a refund (or credit) for overpayment(s) of interest you made in a prior year or years. If you itemized deductions in the year(s) you paid the interest, you may have to include part or all of the box 4 amount on the “Other income” line of your 2019 Schedule 1 (Form 1040). No adjustment to your prior year(s) tax return(s) is necessary. For more information, see Pub. 936 and Itemized Deduction Recoveries in Pub. 525. Box 5. If an amount is reported in this box, it may qualify to be treated as deductible mortgage interest. See the 2019 Schedule A (Form 1040) instructions and Pub. 936. Box 6. Not all points are reportable to you. Box 6 shows points you or the seller paid this year for the purchase of your principal residence that are required to be reported to you. Generally, these points are fully deductible in the year paid, but you must subtract seller-paid points from the basis of your residence. Other points not reported in box 6 may also be deductible. See Pub. 936 to figure the amount you can deduct. Box 7. If the address of the property securing the mortgage is the same as the payer’s/borrower’s, either the box has been checked, or box 8 has been completed. Box 8. This is the address or description of the property securing the mortgage. Box 9. If more than one property secures the loan, shows the number of properties securing the mortgage. If only one property secures the loan, this box may be blank. Box 10. The interest recipient may use this box to give you other information, such as real estate taxes or insurance paid from escrow. Box 11. If the recipient/lender acquired the mortgage in 2019, shows the date of acquisition. Future developments. For the latest information about developments related to Form 1098 and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1098. VOID CORRECTED OMB No. 1545-1380 RECIPIENT’S/LENDER’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. 2019 Form 1098 1 Mortgage interest received from payer(s)/borrower(s) $ RECIPIENT’S/LENDER’S TIN PAYER’S/BORROWER’S TIN 2 Outstanding mortgage principal Mortgage Interest Statement 3 Mortgage origination date Copy C For Recipient/ Lender $ PAYER’S/BORROWER’S name 4 Refund of overpaid interest 5 Mortgage insurance premiums $ $ 6 Points paid on purchase of principal residence $ Street address (including apt. no.) 7 If address of property securing mortgage is the same as PAYER’S/BORROWER’S address, check the box, or enter the address or description in box 8. City or town, state or province, country, and ZIP or foreign postal code 8 Address or description of property securing mortgage (see instructions) For Privacy Act and Paperwork Reduction Act Notice, see the 2019 General Instructions for Certain Information Returns. 9 Number of properties securing the 10 Other mortgage 11 Mortgage acquisition date Account number (see instructions) Form 1098 www.irs.gov/Form1098 Department of the Treasury - Internal Revenue Service Instructions for Recipient/Lender To complete Form 1098, use: • The 2019 General Instructions for Certain Information Returns, and • The 2019 Instructions for Form 1098. To order these instructions and additional forms, go to www.irs.gov/Form1098. Caution: Because paper forms are scanned during processing, you cannot file Forms 1096, 1097, 1098, 1099, 3921, 3922, or 5498 that you print from the IRS website. Due dates. Furnish Copy B of this form to the payer by January 31, 2020. File Copy A of this form with the IRS by February 28, 2020. If you file electronically, the due date is March 31, 2020. To file electronically, you must have software that generates a file according to the specifications in Pub. 1220. The IRS does not provide a fill-in form option for Copy A. Need help? If you have questions about reporting on Form 1098, call the information reporting customer service site toll free at 866-455-7438 or 304-263-8700 (not toll free). Persons with a hearing or speech disability with access to TTY/TDD equipment can call 304-579-4827 (not toll free).
2019 Form 1098
More about the Federal Form 1098 Corporate Income Tax
A form 1098, Mortgage Interest Statement, is used to report mortgage interest, including points, of $600 or more paid to a lender for a mortgage.
We last updated the Mortgage Interest Statement (Info Copy Only) in February 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Federal Internal Revenue Service. You can print other Federal tax forms here.
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The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 1098 from the Internal Revenue Service in February 2020.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 1098
We have a total of nine past-year versions of Form 1098 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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