TaxBandits Knowledge Base

What information do I need to enter in 1098 form?

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.