Form 1098(redirected from 1098 Form)
A form published by the IRS that a lender uses to report the interest that a borrower pays on a mortgage in a year in excess of $600. The form is reported to the IRS and sent to the borrower. Because the interest on one's home mortgage is tax deductible, receiving Form 1098 and reporting the interest paid to the IRS may significantly impact one's tax liability.
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