Article: 50075

Use Form 1098 to report $600 or more in mortgage interest (including points) received during the year in the course of your trade or business from an individual, including sole proprietors.

• File a separate form for each mortgage.
• The $600 threshold applies per mortgage.
  • If you received less than $600 on a mortgage, you are not required to file Form 1098 for that mortgage, even if total payments across multiple mortgages from the same individual exceed $600.
• Optional filing: You may file Form 1098 for mortgage interest under $600, but if you do, you must follow all reporting rules outlined in the Form 1098 Instructions.

How to enter Form 1098

To enter 1098 mortgage information, follow these steps:

1. Go to Federal Taxes.
2. Click Review.
3. Click I’d like to see the forms I’ve filled out or search for a form.
4. Enter Mortgage in the search box and add Mortgage Interest – Form 1098.
5. Enter your information and click Save.

No EIN

To claim the mortgage interest deduction using Form 1098, you must provide the mortgage lender’s Employer Identification Number (EIN). In some cases, however, the lender may not have an EIN and may instead provide a Social Security Number (SSN) or Tax Identification Number (TIN) as an alternative.

If the lender provides a Social Security Number (SSN) or Tax Identification Number (TIN) instead, these are not considered valid entries because their formats do not match the EIN structure. Enter this information on the Itemized Deductions-Interest Paid screen by following the steps below:

1. Go to Federal Taxes.
2. Click Review.
3. Click I’d like to see the forms I’ve filled out or search for a form.
4. Enter Itemized in the search box and add the form Itemized Deductions – Interest Paid.
5. Enter your information and click Save.

   Information entered on this screen is reported in the same place that it would be if you were reporting it on Form 1098.