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maylee95
New Member

Why would I need to share my financial institutions this year.

Turbo tax is asking for 1098. This is my first time I've heard about a 1098. Why do I need this?
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2 Replies

Why would I need to share my financial institutions this year.

Do you have a mortgage?   If you have a mortgage then it should not be news to you that your lender sends you a 1098 every year.   Or do you have a student loan----you will receive a 1098E for that.   Or are you a student--did you get a 1098T?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Why would I need to share my financial institutions this year.

A Form 1098 is sent by your mortgage lender for the amount of mortgage interest paid and property taxes paid in 2021.  Is this what is being requested?

 

Or there is a Form 1098-T, Tuition Statement sent by a post secondary educational institutions reporting the amounts paid for tuition and any scholarships received.  Is this what is being requested?

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