IRS FORM
Form 1098
Mortgage Interest Statement
Mortgage Interest Statement
Form 1098, “Mortgage Interest Statement,” is a tax form provided by the U.S. Internal Revenue Service (IRS). This form is used by lenders or financial institutions to report the amount of interest and related expenses paid on a mortgage during the tax year by a borrower. This form is part of the 1099 series, which are used to report various types of income that individuals may receive throughout the year other than salary from an employer. It is an essential document for tax reporting purposes, ensuring that information is correctly reported to the IRS.