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I have a 1098 form for a vacation resort. Great Eastern Resort Corporation. Do i need to include it in my taxes

 
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MichaelMc
New Member

I have a 1098 form for a vacation resort. Great Eastern Resort Corporation. Do i need to include it in my taxes

Presumably, the Form 1098 includes mortgage interest and real estate taxes that would be beneficial if you itemize deductions. 

If you are taking the standard deduction, and are not already close to the tipping point at which itemizing would be worthwhile, then there is no need to include this 1098.

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1 Reply
MichaelMc
New Member

I have a 1098 form for a vacation resort. Great Eastern Resort Corporation. Do i need to include it in my taxes

Presumably, the Form 1098 includes mortgage interest and real estate taxes that would be beneficial if you itemize deductions. 

If you are taking the standard deduction, and are not already close to the tipping point at which itemizing would be worthwhile, then there is no need to include this 1098.

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