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posted May 31, 2019 5:36:06 PM

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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Expert Alumni
May 31, 2019 5:36:08 PM

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.