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What Is Form 1098?

Form 1098 is primarily used to report mortgage interest when it totals more than $600 plus for that year. They also must be received during the course of your business or from a sole proprietor. This form can help you claim a mortgage deduction and points.

When do You Need to File 1098?

The following information you need to report in 1098.

  • How much was paid in interest
  • How much was paid for the mortgage insurance
  • Property taxes the mortgage company pays

1098 Important Dates For 2020 Tax Year

  • Recipient Copy-January 31st
  • IRS Paper Filing-February 28th
  • IRS eFile-March 31st

If these dates fall on a holiday they will be moves to the following day.

How to eFile 1098 for the Year 2020?

Tax1099 is the go-to source for your 1099 filings. You can eFile Form 1098 Online for the year 2020 using Tax1099. Don’t wait for the deadline eFile Now.!

Related 1098 Forms

What is Form 1098-C?

What is Form 1098-T?