1098 INTEREST INCOME

[Snoopy28]

Where should  mortgage interest income from Form 1098 enter into tax form

[Anonymous]

that's seems to be a contradiction

interest income is reported on form 1099 not  form 1098

mortgage interest paid is reported on form 1098 not form 1099.  

please clarify your situation. 

[Snoopy28]

 Issued 1098 mortgage interest statement to payer,   file with form 1096 to IRS.  1098 mortgage interest is consider  my income.  Not sure where I should enter the same amount on Form 1040  .

Thank you

[JotikaT2]

Sometimes mortgage companies will issue a 1099-INT statement if they ended up paying you interest income. 

If this is the case, it would be reported on Form 1099-INT.

You will enter your Interest income as follows: 

1. Select Income & Expenses under the Federal Tab 
2. Scroll down to All income
3. Select Interest on 1099-INT
4. Select Add another 1099-INT
5. Proceed to enter in the applicable information