DavidD66
Employee Tax Expert

Deductions & credits

Yes, your mortgage interest is deductible, if you itemize deductions.  Box 8 is for showing the address of the property that is secured by the mortgage when the mailing address is different than the property address.  If your mailing address.  If the address in box 8 is your home address, the interest reported on the 1098 is deductible (subject to certain limits and rules).  In most cases, you can deduct all of your home mortgage interest. How much you can deduct depends on the date of the mortgage, the amount of the mortgage, and how you use the mortgage proceeds. 

 

For more information see:  IRS Publication 936 (2020), Home Mortgage Interest Deduction

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