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My name is not on mortgage but on title. I have paid off the mortgage and will claim the deduction. Lender just sent a 1099-int with my ex name. Do i report it?

so my name is not mortgage but my name is on title and i have  paid the mortgage each month.  i claim the deduction.  this year i paid off the mortgage and lender sent a 1099-int which doesn't have my name on it.  do i report this income since i claim the deduction on mortgage interest and property taxes?

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1 Reply
IsabellaG
Expert Alumni

My name is not on mortgage but on title. I have paid off the mortgage and will claim the deduction. Lender just sent a 1099-int with my ex name. Do i report it?

It depends what the 1099-INT is for. It's unusual for the lender to pay the borrower interest. If this is related to your mortgage, such as a refund of interest you paid, then yes, you should report it, but probably as a reduction in the amount of interest that you paid.

If it's just interest paid on a different account, then no.

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