Table of Contents
In addition to these specific instructions, you should also use the 2009 General Instructions for Forms 1099, 1098, 3921, 3922, 5498, and W-2G. Those general instructions include information about the following topics.
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Backup withholding.
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Electronic reporting requirements.
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Penalties.
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Who must file (nominee/middleman).
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When and where to file.
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Taxpayer identification numbers.
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Statements to recipients.
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Corrected and void returns.
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Other general topics.
You can get the general instructions from the IRS website at www.irs.gov or by calling 1-800-TAX-FORM (1-800-829-3676).
| IF an obligation is... | THEN... |
| Incurred after 1987 | It is a mortgage if real property that is located inside or outside the United States secures all or part of the obligation.1 |
| Incurred after 1984 but before 1988 | It is a mortgage only if secured primarily by real property. |
| In existence on December 31, 1984 | It is not a mortgage if, at the time the obligation was incurred, the interest recipient reasonably classified the obligation as other than a mortgage, real property loan, real estate loan, or other similar type of obligation.2 |
| 1 This applies even though the interest recipient classifies the obligation as other than a mortgage, for example, as a commercial loan. | |
| 2 For example, if an obligation incurred in 1983 was secured by real property, but the interest recipient reasonably classified the obligation as a commercial loan because the proceeds were used to finance the borrower's business, the obligation is not considered a mortgage and reporting is not required. However, it is not reasonable to classify those obligations as other than mortgages for reporting purposes if over half the obligations in a class established by the interest recipient are primarily secured by real property. | |
| More Online Instructions |