HiQPdf Evaluation 07/19/2025
CORRECTED (if checked)
RECIPIENT’S/LENDER’S name, street address, city or town, state or province, country,
ZIP or foreign postal code, and telephone no.
* CAUTION: The amount shown may not be fully deductible
by you. Limits based on the loan amount and the cost and
OMB No. 1545-1380
Form 1098
Mortgage
.Automated Test Project value of the secured property may apply. Also, you may only (Rev. January 2022)
For calendar year
Interest
deduct interest to the extent it was incurred by you, actually
.Reprint - WebPresentment - Quick Print paid by you, and not reimbursed by another person. 20 24
Statement
.Reprint - WebPresentment - Quick Print 1 Mortgage interest received from payer(s)/ 4 Refund of overpaid interest Copy B
borrower(s)*
.Reprint - WebPresentment - Quick Print For Payer/
Albany, GA 31701 $ 10000.00 $ 100.11 Borrower
(888) 888-1011 2 Outstanding mortgage principal 5 Mortgage insurance premiums
The information in boxes 1
RECIPIENT'S/LENDER’S TIN PAYER'S/BORROWER’S TIN through 9 and 11 is
$ 400000.00 $ 100.11 important tax information
01-0000011 123-22-1002 3 Mortgage origination date 6 Points paid on purchase of and is being furnished to
principal residence the IRS. If you are required
PAYER'S/BORROWER'S name to file a return, a
1/31/2024 $ 891.00 negligence penalty or other
7 X If address of property securing mortgage is the same as PAYER'S/ sanction may be imposed
LILLIAN ADAM on you if the IRS
PINECREST DRIVE RFD 2 BORROWER'S address, the box is checked, or the address or description is determines that an
entered in box 8. underpayment of tax
CALGARY, AB T2P 4K9 results because you
CANADA 8 Address or description of property securing mortgage (see overstated a deduction for
instructions) this mortgage interest or for
9 Number of properties securing the 10 Other these points, reported in
mortgage boxes 1 and 6; or because
2 you didn’t report the refund
of interest (box 4); or
Account number (see instructions) 11 Mortgage acquisition date because you claimed a
nondeductible item.
REPRINT 4
Form 1098 (Rev. 1-2022) (keep for your records) [Link]/Form1098 Department of the Treasury - Internal Revenue Service
Instructions for Payer/Borrower - 1098 (2024)
A person (including a financial institution, a governmental unit, and a cooperative housing Box 2. Shows the outstanding principal on the mortgage as of January 1 of the
corporation) who is engaged in a trade or business and, in the course of such trade or calendar year. If the mortgage originated in the calendar year, shows the mortgage
business, received from you at least $600 of mortgage interest (including certain points) principal as of the date of origination. If the recipient/lender acquired the loan in the
on any one mortgage in the calendar year must furnish this statement to you. calendar year, shows the mortgage principal as of the date of acquisition.
If you received this statement as the payer of record on a mortgage on which there are Box 3. Shows the date of the mortgage origination.
other borrowers, furnish each of the other borrowers with information about the proper Box 4. Do not deduct this amount. It is a refund (or credit) for overpayment(s) of
distribution of amounts reported on this form. Each borrower is entitled to deduct only the interest you made in a prior year or years. If you itemized deductions in the year(s)
amount each borrower paid and points paid by the seller that represent each borrower’s you paid the interest, you may have to include part or all of the box 4 amount on the
share of the amount allowable as a deduction. Each borrower may have to include in “Other income” line of your calendar year Schedule 1 (Form 1040). No adjustment
income a share of any amount reported in box 4. to your prior year(s) tax return(s) is necessary. For more information, see Pub. 936
If your mortgage payments were subsidized by a government agency, you may not be and Itemized Deduction Recoveries in Pub. 525.
able to deduct the amount of the subsidy. See the instructions for Schedule A, C, or E Box 5. If an amount is reported in this box, it may qualify to be treated as deductible
(Form 1040) for how to report the mortgage interest. Also, for more information, see Pub. mortgage interest. See the calendar year Schedule A (Form 1040) instructions and
936 and Pub. 535. Pub. 936.
Payer’s/Borrower’s taxpayer identification number (TIN). For your protection, this Box 6. Not all points are reportable to you. Box 6 shows points you or the seller
form may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN). However, paid this year for the purchase of your principal residence that are required to be
the issuer has reported your complete TIN to the IRS. reported to you. Generally, these points are fully deductible in the year paid, but you
Account number. May show an account or other unique number the lender has must subtract seller-paid points from the basis of your residence. Other points not
assigned to distinguish your account. reported in box 6 may also be deductible. See Pub. 936 to figure the amount you
Box 1. Shows the mortgage interest received by the recipient/lender during the year. can deduct.
This amount includes interest on any obligation secured by real property, including a Box 7. If the address of the property securing the mortgage is the same as the
mortgage, home equity loan, or line of credit. This amount does not include points, payer’s/borrower’s, either the box has been checked, or box 8 has been completed.
government subsidy payments, or seller payments on a “buydown” mortgage. Such Box 8. Shows the address or description of the property securing the mortgage.
amounts are deductible by you only in certain circumstances. Box 9. If more than one property secures the loan, shows the number of properties
If you prepaid interest in the calendar year that accrued in full by January 15, of the securing the mortgage. If only one property secures the loan, this box may be blank.
subsequent year, this prepaid interest may be included in box 1. However, you Box 10. The interest recipient may use this box to give you other information, such
cannot deduct the prepaid amount in the calendar year paid even though it may be as real estate taxes or insurance paid from escrow.
included in box 1. Box 11. If the recipient/lender acquired the mortgage in the calendar year, shows
If you hold a mortgage credit certificate and can claim the mortgage interest credit, see the date of acquisition.
Form 8396. If the interest was paid on a mortgage, home equity loan, or line of credit Future developments. For the latest information about developments related to
secured by a qualified residence, you can only deduct the interest paid on acquisition Form 1098 and its instructions, such as legislation enacted after they were
indebtedness, and you may be subject to a deduction limitation. published, go to [Link]/Form1098.
Free File. Go to [Link]/FreeFile to see if you qualify for no-cost online federal
tax preparation, e-filing, and direct deposit or payment options.
CORRECTED (if checked)
RECIPIENT’S/LENDER’S name, street address, city or town, state or province, country,
ZIP or foreign postal code, and telephone no.
* CAUTION: The amount shown may not be fully deductible
by you. Limits based on the loan amount and the cost and
OMB No. 1545-1380
Form 1098
Mortgage
value of the secured property may apply. Also, you may only (Rev. January 2022)
For calendar year
Interest
deduct interest to the extent it was incurred by you, actually
Statement
.Automate (888) 888-1011
paid by you, and not reimbursed by another person.
$ 10000.00
2 Outstanding mortgage principal
$ 100.11
20 24
1 Mortgage interest received from payer(s)/ 4 Refund of overpaid interest
borrower(s)*
5 Mortgage insurance premiums
Copy B
For Payer/
Borrower
The information in boxes 1
RECIPIENT'S/LENDER’S TIN PAYER'S/BORROWER’S TIN through 9 and 11 is
$ 400000.00 $ 100.11 important tax information
01-0000011 123-22-1002 3 Mortgage origination date 6 Points paid on purchase of and is being furnished to
principal residence the IRS. If you are required
PAYER'S/BORROWER'S name to file a return, a
1/31/2024 $ 891.00 negligence penalty or other
7 X If address of property securing mortgage is the same as PAYER'S/ sanction may be imposed
LILLIAN ADAM
on you if the IRS
BORROWER'S address, the box is checked, or the address or description is determines that an
entered in box 8. underpayment of tax
results because you
8 Address or description of property securing mortgage (see overstated a deduction for
instructions) this mortgage interest or for
9 Number of properties securing the 10 Other these points, reported in
mortgage boxes 1 and 6; or because
2 you didn’t report the refund
of interest (box 4); or
Account number (see instructions) 11 Mortgage acquisition date because you claimed a
nondeductible item.
REPRINT 4
Form 1098 (Rev. 1-2022) (keep for your records) [Link]/Form1098 Department of the Treasury - Internal Revenue Service