Instructions for Form 1098 - Introductory Material

Future Developments

For the latest information about developments related to Form 1098 and its instructions, such as legislation enacted after they were published, go to

What's New

Mortgage insurance premiums.   Report mortgage insurance premiums paid of $600 or more in box 5. Reporting is required under section 6050H(h).

New reporting requirements.   The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 contains new reporting requirements for recipients of mortgage interest. For forms 1098 issued to payers after December 31, 2016, you must report the address or description of property securing the mortgage, the outstanding mortgage principal as of January 1, 2016, and the mortgage origination date.

Form resized.   Due to the modification of reporting requirements by P.L. 114-41, sec. 2003, the official IRS Form 1098 has increased in size from a 3-to-a-page to a 2-to-a-page format, beginning with tax year 2016. The revised form can be found at


General Instructions.   In addition to these specific instructions, you should also use the 2016 General Instructions for Certain Information Returns. Those general instructions include information about the following topics.
  • Who must file (nominee/middleman).

  • When and where to file.

  • Electronic reporting requirements.

  • Corrected and void returns.

  • Statements to recipients.

  • Taxpayer identification numbers.

  • Backup withholding.

  • Penalties.

  • Other general topics.

  You can get the general instructions at


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.

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