Re: 1098
Level 14
Level 14

Home loans

So Mark, as @VolvoGirl kindly pointed out, this does indicate that you aren't required to issue and file the 1098.  My bad...totally.  Please accept my apology.  

 

It IS mandatory, however, that you report the interest income.  The borrower that paid you "may" ask you for identifying info (SSN?) so that they can report the mortgage interest paid to you.

 

 

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
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