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Level 1
June 6, 2019
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My 1098 mortgage statement has "Yes" marked for Box 7 -- does this mean the property is secured?

  • June 6, 2019
  • 1 reply
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Best answer by TomK2023

Yes.  Only a loan secured by the home has tax deductible interest.

If the address of the property securing the mortgage is the same as the payer’s/borrower’s mailing address, either check the box or leave the box blank and complete box 8. If the address or description of the property securing the mortgage is not the same as the payer’s/borrower’s mailing address, complete box 8.

[Edited 3/09/19 | 3:24pm]

1 reply

TomK2023Answer
Level 15
June 6, 2019

Yes.  Only a loan secured by the home has tax deductible interest.

If the address of the property securing the mortgage is the same as the payer’s/borrower’s mailing address, either check the box or leave the box blank and complete box 8. If the address or description of the property securing the mortgage is not the same as the payer’s/borrower’s mailing address, complete box 8.

[Edited 3/09/19 | 3:24pm]

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Level 15
June 6, 2019
Please see updated answer.
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