Co-op building 1098 had incorrect TIN for current and previous year

[dasrust]

Beside my own mortgage lender 1098, I receive a 1098 for the co-op building's underlying mortgage. I discovered that both the 2022 and 2021 statements issued by our current management company's accountant had the incorrect TINs (SSNs). Since the real estate taxes and mortgage interest is calculated by amount per share multiplied by # of shares, the values are universal for all shareholders in the building and therefore I can input the correct values into TT. After contacting my management company to correct the TIN, they'll issue a new 2022 1098.

Now, do I need to do anything regarding last year's (2021) filing? Again, the values are correct, just the 1098 had the incorrect TIN.

[Cynthiad66 · Accepted solution]

No, you do not have to do anything unless you are contacted by the IRS for additional information.  The EIN does not change the amounts or calculations, so it is possible that you won't be contacted.  Just keep the information for your records.  You can use the correct numbers for 2022 since you have that information.

[dasrust]

Thank you Cynthiad66. This is what I was hoping to hear.