1098 Forms are used to report mortgage interest (including points) and certain mortgage insurance premiums you received in the course of your trade or business from individuals and reimbursements of overpaid interest.
- 1098-C details the donations of vehicles, boats and airplanes
- 1098-E is for the interest paid on qualified student loans
- 1098-T details tuition and related fees during the year.
1098 Form Changes for Tax Year 2012
Mortgage insurance premiums paid or accrued after December 31, 2011, are no longer eligible to be treated as interest paid by the payer/borrower. Box 4 on Form 1098, formerly used for reporting these premiums paid or accrued, has been reconfigured for providing other information.
Due Dates for 1098 Forms
|To IRS||To State Agency||To Recipient|
|Paper: February 28
E-File: March 31
|State Filing Deadlines||January 31|
* If date shown falls on a Saturday, Sunday or legal holiday, the due date is the next business day.