What information do I need to enter in 1098 form?
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Last modified 9/26/2023 3:48:56 AM EST |
Added by TaxBandits Team
Applicable To
94X
1099
W-2
ACA
W-4
In Form 1098, there are 11 important boxes to pay attention to:
- Box 1: Total interest paid to your lender for the year.
- Box 2: The remaining balance on your mortgage principal.
- Box 3: The date your mortgage originated.
- Box 4: Any refunded overpaid interest.
- Box 5: Amounts paid for mortgage insurance.
- Box 6: Mortgage points that may be deductible.
- Boxes 7-11: Various details about the mortgage and property.
Additionally, don't forget to check that your personal information, such as your name, address, and tax ID, is correct when reviewing the form.