Why my home mortgage info is shown in line 10 of Schedule A while I do not have form 1098?

andrii16 · ‎May 31, 2019

This is mortgage interest paid to foreign bank institution - is it Ok that the amount is shown in line 10?

DS30 · ‎May 31, 2019

Yes it is OK to show your foreign mortgage interest on line 10. Just be aware that if the IRS tries to match up your information with what the IRS has collected from the bank and there is no Form 1098, it may cause the IRS to question this interest deduction. If you are contacted by the IRS, you will just need to provide an explanation of your situation (that your mortgage interest is from a foreign bank and provide the IRS with the details of this loan).

[edited 1/19/2017]

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andrii16 · ‎May 31, 2019

Thank you for the response. Unfortunately, I do not have "I did not receive a 1098" option in step 7. Instead I have different set of questions:

Do any of these uncommon situations apply to your loan with OTP Bank Ukraine?

I co-own this loan with someone and only pay a portion of it.
The seller is financing this loan and I didn't receive a 1098.
None of these apply.

DS30 · ‎May 31, 2019

I have updated my answer related to your situation.

Why my home mortgage info is shown in line 10 of Schedule A while I do not have form 1098?

Deductions & credits

Deductions & credits

Deductions & credits