- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Form 1098 is an informational form used to prepare your tax return. The IRS allows you to use the Average Mortgage Balance in determining your mortgage interest deductibility. Enter only one 1098 using your average mortgage balance and the total of any deductible items on both 1098 forms.
This link Publication 936 (2021), Home Mortgage Interest Deduction has information you may find helpful
@taxissues
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 4, 2022
7:04 AM