Points are prepaid interest made on a home loan to improve the rate on the mortgage offered by the lending institution. Form 1098 serves two purposes: Lenders use it to report interest payments in ...

Tax Form 1098 tells the IRS how much mortgage ... $375,000 for married taxpayers filing separately – of home mortgage debt for loans incurred after December 15, 2017 (taxpayers with mortgage ...

If you have a mortgage ... year in which you pay off the loan. The exception is if you refinance your loan again with the same lender. When you receive a Form 1098, total the amounts listed ...