No, for Mortgage Interest 1098 it is an itemized deduction only if you did not take the standard deduction; you will not get penalized. If you itemized it will help your bottom line. If not, it probably will not affect the outcome of your taxes, you do not get penalized for not adding a deduction.
Here is a tool to see if you have to amend from the IRS.
@Ericl1334
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
