Mortgage lenders issue a 1098 Mortgage Interest Statement to let you know exactly how much you paid in interest, points, or private mortgage insurance for the year. The form does not always look.
About Form 1098, Mortgage Interest Statement Use Form 1098 (Info Copy Only) to report mortgage interest of $600 or more received by you during the year in the course of your trade or business from an individual, including a sole proprietor.
About Form 8396, Mortgage Interest Credit If you were issued a qualified Mortgage Credit Certificate (MCC) by a state or local governmental unit or agency under a qualified mortgage credit certificate program, use this form to figure: your mortgage interest credit for the current year, and any credit carryforward for the following year.
Law360, London (October 18, 2019, 4:35 PM BST) — Denmark’s tax authority received permission. “It’s a legitimate and powerful aspect of public interest for SKAT to be able to use these documents.
At the end of each calendar year, your mortgage lender issues a Form 1098, an Internal Revenue Service document that details all mortgage interest you paid for the tax year as long as the interest paid exceeded the minimum paid requirements for that tax year.