What is IRS Form 1098?

Answer Of the many IRS tax forms, banks and other lending institutions use Form 1098 to report annual mortgage interest over $600. The mortgage must be "secured primarily by real property," according to t... Read More »

Top Q&A For: What is IRS Form 1098

What is a 1098 tax form?

Form 1098 documents mortgage expenses that a taxpayer pays during the year, including mortgage interest, discount points and mortgage insurance premiums. This form is needed for taxpayers who wish ... Read More »

What Is an IRS Form 1098-T?

A form 1098-T is a Tuition Statement issued to a student each tax year by an eligible educational institution such as a college or university. The form is an informational document that identifies ... Read More »

IRS Form 1098 Instructions?

The Internal Revenue Service's Form 1098 reports mortgage interest of $600 or more that is received during the year by someone engaged in a trade or business, even if you are not in the money-lendi... Read More »

1098-T form: I have more from scholarships than tuition costs, should I report it?

You do not need to send this information unless you received gift money (grant or scholarship) that exceeds your total cost of education which includes tuition, fees, books, room & board if applica... Read More »