Form 1098 Mortgage Interest Statement

Attention:
This form is provided for informational purposes only. Copy A appears in red, similar to the
official IRS form. Do not file copy A downloaded from this website. The official printed
version of this IRS form is scannable, but the online version of it, printed from this website,
is not. A penalty may be imposed for filing forms that can’t be scanned. See part O in the
current General Instructions for Certain Information Returns for more information about
penalties.
To order official IRS forms, call 1-800-TAX-FORM (1-800-829-3676) or Order Information
Returns and Employer Returns Online, and we’ll mail you the scannable forms and other
products.
See IRS Publications 1141, 1167, 1179 and other IRS resources for information about
printing these tax forms.

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CORRECTED
OMB No. 1545-0901

RECIPIENT’S/LENDER'S name, street address, city or town, state or province,
country, ZIP or foreign postal code, and telephone number

2014
Form 1098
RECIPIENT’S federal identification no.

PAYER'S social security number

1 Mortgage interest received from payer(s)/borrower(s)

$
PAYER'S/BORROWER'S name

2 Points paid on purchase of principal residence

Mortgage
Interest
Statement
Copy A

For
Internal Revenue
Service Center

File with Form 1096.

$
Street address (including apt. no.)

3 Refund of overpaid interest

$
City or town, state or province, country, and ZIP or foreign postal code

4

Account number (see instructions)

5

For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2014 General
Instructions for
Certain
Information
Returns.

1098
Cat. No. 14402K
www.irs.gov/form1098
Department of the Treasury - Internal Revenue Service
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

Form

CORRECTED (if checked)
RECIPIENT’S/LENDER'S name, street address, city or town, state or province,
country, ZIP or foreign postal code, and telephone number

* Caution: The amount shown
OMB No. 1545-0901
may 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

2014

RECIPIENT’S federal identification no.

PAYER'S social security number

1 Mortgage interest received from payer(s)/borrower(s)*

$
$
3 Refund of overpaid interest

Street address (including apt. no.)

$
City or town, state or province, country, and ZIP or foreign postal code

4

Account number (see instructions)

5

Form 1098

(keep for your records)

www.irs.gov/form1098

Copy B
For Payer/Borrower

2 Points paid on purchase of principal residence

PAYER'S/BORROWER'S name

Mortgage
Interest
Statement

The information in boxes 1,
2, 3, and 4 is important tax
information and is being
furnished to the Internal
Revenue Service. If you are
required to file a return, a
negligence penalty or other
sanction may be imposed on
you if the IRS determines
that an underpayment of tax
results because you
overstated a deduction for
this mortgage interest or for
these points or because you
did not report this refund of
interest on your return.

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 3.
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 identification number. For your protection, this form may
show only the last four digits of your social security number (SSN), individual
taxpayer identification number (ITIN), or adoption taxpayer identification number
(ATIN). However, the issuer has reported your complete identification number to
the IRS, and, where applicable, to state and/or local governments.
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 home equity, line of credit, or credit card loan. 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 2014 that accrued in full by
January 15, 2015, this prepaid interest may be included in box 1. However, you
cannot deduct the prepaid amount in 2014 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, line of credit, or credit card loan secured by your personal residence, you
may be subject to a deduction limitation.
Box 2. Not all points are reportable to you. Box 2 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 2 may also be deductible. See Pub. 936 to figure the
amount you can deduct.
Box 3. 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 3
amount on the “Other income” line of your 2014 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 4. The interest recipient may use this box to give you other information,
such as the address of the property that secures the debt, real estate taxes, or
insurance paid from escrow.
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. 1545-0901

RECIPIENT’S/LENDER'S name, street address, city or town, state or province,
country, ZIP or foreign postal code, and telephone number

2014

Mortgage
Interest
Statement

Form 1098
RECIPIENT’S federal identification no.

PAYER'S social security number

1 Mortgage interest received from payer(s)/borrower(s)

$
2 Points paid on purchase of principal residence

PAYER'S/BORROWER'S name

$
3 Refund of overpaid interest

Street address (including apt. no.)

$
City or town, state or province, country, and ZIP or foreign postal code

4

Account number (see instructions)

5

Form 1098

www.irs.gov/form1098

Copy C
For
Recipient/Lender

For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2014 General
Instructions for
Certain
Information
Returns.
Department of the Treasury - Internal Revenue Service

Instructions for Recipient/Lender
To complete Form 1098, use:
• the 2014 General Instructions for Certain Information
Returns, and
• the 2014 Instructions for Form 1098.
To order these instructions and additional forms, go
to www.irs.gov/form1098 or call 1-800-TAX-FORM
(1-800-829-3676).
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
February 2, 2015.

File Copy A of this form with the IRS by March 2,
2015. If you file electronically, the due date is March 31,
2015. To file electronically, you must have software that
generates a file according to the specifications in Pub.
1220, Specifications for Filing Forms 1097, 1098, 1099,
3921, 3922, 5498, 8935, and W-2G Electronically. The
IRS does not provide a fill-in form option.
Need help? If you have questions about reporting on
Form 1098, call the information reporting customer
service site toll free at 1-866-455-7438 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).