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How Do I Get a 1098 Mortgage Interest Statement for the IRS?

by
author image Kaye Morris
Kaye Morris has over four years of technical writing experience as a curriculum design specialist and is a published fiction author. She has over 20 years of real estate development experience and received her Bachelor of Science in accounting from McNeese State University along with minors in programming and English.
How Do I Get a 1098 Mortgage Interest Statement for the IRS?
Form 1098 lists all deductible mortgage interest for the tax year. Photo Credit Kim Carson/Stockbyte/Getty Images

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. As of 2010, if you paid $600 or more in mortgage interest payments, the lender must issue a Form 1098. You use the information from Form 1098 to prepare IRS Schedule A—Itemized Deductions. You should receive the form by Jan. 31 following the tax year. The lender will submit a duplicate copy to the IRS. If you do not receive Form 1098, you should make an attempt to obtain the form before filing your tax return.

Step 1

Log onto the Internet and access your mortgage account if your mortgage lender provides you with online access. Check to see if the lender posts a copy of the Form 1098 online that you can print for submission with your tax return.

Step 2

Call your mortgage lender if the information is not available online. Your lender should be able to mail you a duplicate copy of your Form 1098.

Step 3

Contact the individual financing the home if the home is independently financed by the owner and not through a lender. Many homeowners are not aware of the Internal Revenue Service legislation, and their failure to complete Form 1098 probably is not intentional. The form can be downloaded from the IRS website.

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