What is Form 1098?

Get familiar with Form 1098

Form 1098 is a reporting form sent to you by banks, schools and other organizations to whom you have made certain payments during the year.

For example, you receive Form 1098 from your mortgage lender to show how much mortgage interest and property tax you paid during the year.

Organizations also send a copy of Form 1098 to the IRS, so the agency can match amounts.

More to explore:

• Tax Forms & Schedules
• Top 9 IRS Tax Forms You Need to Know
• What Tax Forms Do I Use to File My Business Return?
• Most Common Tax Forms
• 5 Reasons to Stop Worrying About a Tax Audit
• How Much of My Mortgage Payment is Tax Deductible?