How to E-file Form 1098 Online for 2023 with TaxBandits?

Choose Form 1098-T

Select Form 1098, choose the appropriate tax year, and proceed. With TaxBandits, you can file your Form 1098 for current and previous tax years.

Enter Form 1098 -T Information

Enter the required information on Form 1098 either manually or bulk upload through custom CSV/Excel templates.

Review Form 1098-T

Review the information entered on Form 1098 and make necessary changes if needed.

 Transmit Form 1098-T to the IRS

After reviewing the form, transmit the completed Form 1098 to the IRS and State.

Deliver Recipient Copy ( Online /Postal )

You can opt to distribute your recipient copies either through postal mailing or secure online portal.

TaxBandits for Every Business

Ready to E-file Form 1098 with the IRS and States?

What Information is Required to File Form 1098 Electronically?

  • 1. Payer Details : Name, EIN, and Address
  • 2. Recipient Details : Name, EIN/Social Security, and Address
  • 3. Mortgage Interest Received

Are you ready to file your 1098? Get started with your free
TaxBandits account!

Form 1098 Online

Businesses and Tax Professionals Trust TaxBandits’ Amazing Features

Postal Mailing

Postal Mail

TaxBandits delivers your recipient copies by postal mail.

Bulk Upload

Bulk Upload

Use our bulk upload templates to simplify the process and import all of your 1098 data.

Access Form Copies

Access Form Copies

Using the TaxBandits print center, you have the ability to print your corrected 1098 forms for your reference.

FIRE File Upload

FIRE File Upload

Do you have 1098 data in FIRE file format? Easily upload your data and we will e-file your Form 1098 and mail the copies to your recipients.

Success Starts with TaxBandits!

Frequently Asked Questions on 1098

What is IRS Form 1098?

Form 1098 (Mortgage Interest Statement) is an IRS tax Form used to report mortgage interests of $600 or more that are received from an individual during the year in the course of the trade or business. Form 1098 is not required for mortgages that receive less than $600 in interest.

For the 2023 tax year, Form 1098 and the instructions have been converted from an annual revision to continuous use.

Who is required to file Form 1098?

You need to file Form 1098, if you fall into one of these categories:

  • If you received mortgage interest of $600 or more in the course of the trade or business.
  • Governmental units who receive mortgage interest from an individual of $600 or more.
  • Cooperative housing corporations must file the 1098 Form.

Other common categories include: Collection agents, Foreign interest recipients, Designation agreement persons, Nonresident Alien Interest Payer.

When is the deadline to file Form 1098 for the 2023 tax year?

January 31, 2024 is the due date to distribute copies of Form 1098 to a recipient. If it is filed on paper, then the deadline is February 28, 2024 for the 2023 Tax Year. The Form 1098 electronic filing deadline is on March 31, 2024.

Recipient Copies Paper filing E-filing

January 31, 2024

February 28, 2024

March 31, 2024

Who is exempt from filing the Mortgage Interest Statement?

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

What are the Form 1098 Copies?

The IRS Form 1098 consists of 11 boxes and has 3 copies.

  • Copy A : For Internal Revenue Service Center
  • Copy B : For Payer / Borrower
  • Copy C : For Recipient / Lender

Success Starts with TaxBandits

The Smart Business Owners Choice