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john11840
Level 1

Incorrect Form 1098

I paid off my mortgage this year, but my 1098 shows a large balance in box 2.  Shouldn't box 2 show 0?

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5 hours ago
last updated ‎February 06, 2026 12:55 PM
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AmyC
Employee Tax Expert
Employee Tax Expert

Incorrect Form 1098

Box 2 represents your balance on Jan 1, 2025 unless refinanced or sold or home just purchased. A payoff is not among the items to change the amount. Congratulations on paying off your mortgage!

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