Form 1098 reports mortgage interest and property taxes you paid during the year. Lenders send this form to borrowers and the IRS to document deductible expenses on your home loan. If you own a home with a mortgage, you'll likely receive a 1098 in January or February each year. Understanding what this form shows and how to use it on your tax return helps you claim deductions you're may have access to to and avoid filing errors.
These articles explain what each line on the 1098 means, when you should receive it, what to do if it arrives late or contains wrong information, and how to report the numbers on your tax return. You'll also learn which mortgage-related expenses appear on this form and which don't, and how to handle situations like refinancing, paying off your loan early, or owning multiple properties.