itonewbie
Level 15
05-08-2020
03:08 PM
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You'll report that on the same line for Mortgage - banks, etc. (Form 1098) [Adjust].
You've probably confused this with seller-financed mortgage.
Generally, if your client received the loan from a lender and paid $600 or more in interest during the year, the lender is required by law to issue a 1098. It does not sound right if the lender is a bank and it did not issue a 1098, assuming the interest was at least $600.
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