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ctg3375
New Member

I got a 1099-INT from pennymac for our mortgage rather than a 1098. Why?

I got a 1099-INT from pennymac for our mortgage rather than a 1098. Why?
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DianeW
Expert Alumni

I got a 1099-INT from pennymac for our mortgage rather than a 1098. Why?

Some lenders provide interest income on the escrow amounts held for property taxes and home owners insurance.  This is how you would earn interest from your lender on your mortgage loan.  You should also receive the mortgage interest paid statement which is the Form 1098.  If  you don't have that you can use your annual statement to deduct the interest paid.

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