1098 Mortgare Interest Statement

Caution: DRAFT—NOT FOR FILING
This is an early release draft of an IRS tax form, instructions, or
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8181

VOID

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

Mortgage
Interest
Statement

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

$

Copy A
For
Internal Revenue
Service Center

DRAFT AS OF
July 24, 2018
DO NOT FILE

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)

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

Mortgage
Interest
Statement

2019

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

DRAFT AS OF
July 24, 2018
DO NOT FILE
$

RECIPIENT’S/LENDER’S TIN

PAYER’S/BORROWER’S TIN

2 Outstanding mortgage
principal

3 Mortgage origination date

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 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.

DRAFT AS OF
July 24, 2018
DO NOT FILE

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.

Mortgage
Interest
Statement

2019
Form

1098

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

DRAFT AS OF
July 24, 2018
DO NOT FILE
$

RECIPIENT’S/LENDER’S TIN

PAYER’S/BORROWER’S TIN

2 Outstanding mortgage
principal

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).

DRAFT AS OF
July 24, 2018
DO NOT FILE