If you itemize your deductions on Schedule A (Form 1040), only include the personal part of your deductible mortgage interest on Schedule A (Form 1040), lines 8a or 8b.

As a new homebuyer, you will want to be on the lookout for Form 1098, “Mortgage Interest Statement” which is used to report mortgage interest, including points. This form can help you claim these deductions on your Form 1040. Typically, Form 1098 is mailed to you in January.

Use Form 1098, Mortgage Interest Statement, to report mortgage interest (including points, defined later) of $600 or more you received during the year in the course of your trade or business from an individual, including a sole proprietor. Report only interest on a mortgage, defined later.

How Do I Get My 1098 Form? Your mortgage lender sends your Form 1098 to you, generally by the end of January of the filing year. Some lenders may make their tax forms available online, in which case you should check your account to download.

You can get your mortgage info by going to your lender's website. Other documents, like your monthly mortgage bills and your Closing Disclosure (or HUD-1), will also have some of this information. Your lender should send you a 1098 by January 31.

Mortgages on realty shall be recorded in the county where the land is located.

Mortgage Tax States means, collectively, Alabama, Florida, Kansas, Georgia, Minnesota, New York, Oklahoma, Tennessee, Virginia and any other State in which an Individual Property or any Substitute Property may be located which imposes a mortgage recording or other mortgage tax.

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This form is furnished to give you a statement of actual settlement costs. Real and Personal Property Forms and Applications.Use Form 8396 to figure the mortgage interest credit for 2024 and any credit carryforward to 2025. Who Can Claim the Credit. Copies of Form 1098: Mortgage Interest Statement. Property taxes are charged against the owner of the property on January 1 and against the property itself if the owner is not known. Is my tax statement sent directly to my mortgage company? And they must still file for homestead exemption and personal property exemption. IRS Form 1098, Mortgage Interest Statement. • Line 21b is used to report interest from other sources.

Sample Mortgage Statement For Taxes In Georgia

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