E-File Form 1098 Online to
Report Mortgage Interest

If you are engaged in a trade or business and receive $600 or more of mortgage interest from an individual on any one mortgage during the calendar year, you generally must file Form 1098.

Certain governmental units and cooperative housing corporations may also have Form 1098 reporting obligations. Special rules apply to collection agents and other interest recipients.

Form 1098 is generally not required for interest received from a corporation, partnership, trust, estate, association, or company, even if an individual is a co-borrower and the trustees, beneficiaries, partners, members, or shareholders are individuals.

The Form 1098 reporting threshold is $600 or more of mortgage interest received on each mortgage during the calendar year. The threshold applies separately to each mortgage and is not combined across multiple mortgages.

Recipient copies are due by February 1, 2027. The IRS filing deadline is March 1, 2027, for paper returns and March 31, 2027, for electronic returns. If any of these dates fall on a weekend or holiday, the deadline moves to the next business day.

Form 1098 includes three copies:

• Copy A - Filed with the IRS
• Copy B - Furnished to the payer/borrower
• Copy C - Furnished to the recipient/lender

Yes. The $600 reporting threshold applies separately to each mortgage. A separate Form 1098 is generally required for each mortgage that meets the reporting threshold.

The IRS may charge $60 to $340 per return for late or incorrect Form 1098 filings. Intentional disregard can result in a penalty of $680, with no annual maximum.

The other tiers are capped annually — for returns due in 2027, $244,500 to $1,397,000 for small businesses (average annual gross receipts of $5 million or less) and $698,500 to $4,191,500 for larger filers. Amounts are indexed for inflation each year.

To request an extension, file Form 8809 with the IRS on or before the original due date. This extension isn't automatic and is granted only in specific circumstances, which must be explained on the form. If you need more time to furnish recipient copies specifically, file Form 15397 by the original due date.

If you are required to file 10 or more information returns in aggregate, you generally must file them electronically. The 10-return threshold applies across the applicable information returns you file, not just Form 1098.