Instructions For Form 1098 - 2017 (Page 6 of 6) in pdf

Box 4. Refund of Overpaid Interest

either complete the checkbox in box 7, or complete box 8

(see the box 8 instructions, following). If the address of the

Enter the total refund or credit of a prior year(s)

property securing the mortgage is not the same as the

overpayment of interest. See Reimbursement of Overpaid

payer’s/borrower’s mailing address, complete box 8. If the

Interest, earlier.

property securing the mortgage does not have an

At the time these instructions went to print,

address, complete box 9.

Congress had not extended the applicability of

Box 8. Property Address (If Different from

section 163(h)(3)(E) to provide for deductibility of

CAUTION

MIP for 2017. To see if the applicability of this provision

Payer’s/Borrower’s Address)

has been extended, and therefore reporting is required,

If the address of the property securing the mortgage is not

go to

the same as the payer’s/borrower’s mailing address, or

you did not complete box 7, enter the street address

Box 5. Mortgage Insurance Premiums

(including the apartment number) of the property securing

the mortgage. Immediately below the street address,

If section 163(h)(3)(E) applies for 2017, enter the total

enter the city or town; state or province; country; and ZIP

premiums of $600 or more paid (received) in 2017,

or foreign postal code of the property securing the

including prepaid premiums, for qualified mortgage

mortgage.

insurance (MIP). Qualified mortgage insurance is

mortgage insurance under a contract issued after

Box 9. Property Description (If No Address

December 31, 2006, and provided by the Department of

Available)

Veterans Affairs, the Federal Housing Administration, or

the Rural Housing Service (or their successor

If the property securing the mortgage has no address,

organizations), and private mortgage insurance, as

enter the property’s jurisdiction and the property’s

defined by section 2 of the Homeowners Protection Act of

Assessor Parcel Number(s) (APN), as indicated in the

1998 (as in effect on December 20, 2006).

examples below. Synonyms for the APN include the

Assessor’s Identification Number (AIN), the Property

Receipt of $600 or more of MIP is determined on a

Identification Number (PIN), the Property Account

mortgage-by-mortgage basis. Do not aggregate MIP

Number, and the Tax Account Number. Examples:

received on all of the mortgages of an individual to

determine whether the $600 threshold is met. You do not

Washtenaw County, MI

need to report MIP of less than $600 received on a

VV-WW-XX-YYY-ZZZ

mortgage, even though you receive a total of $600 or

more of MIP on all of the mortgages for an individual in a

Jackson County, MO

calendar year.

AA-BBB-CC-DD-EE-F-GG-HHH

See Prepaid Mortgage Insurance, earlier, for the tax

treatment of prepaid MIP.

Nashua, NH

XX-YY

Box 6. Points Paid on Purchase of Principal

Residence

Box 10. Number of Mortgaged Properties

Enter points paid on the purchase of the payer of record's

If there is more than one property securing the mortgage,

principal residence. For an explanation of reportable

enter in box 10 the total number of properties secured by

points, see Reportable points, earlier.

this mortgage.

The following statement applies to boxes 7-9. If

Box 11. Other

there is more than one property securing the

mortgage, you may report the address of any one

Enter any other item you wish to report to the payer, such

CAUTION

of the properties using boxes 7-9 and enter in box 10 the

as real estate taxes, insurance paid from escrow, or, if you

total number of properties securing the loan.

are a collection agent, the name of the person for whom

you collected the interest.

Box 7. Address of Property Securing Mortgage

If the address of the property securing the mortgage is the

same as the payer’s/borrower’s mailing address, you can

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Instructions for Form 1098 (2017)

Instructions For Form 1098 - 2017 Page 6

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