Question posted by sue14936 on April 1st, 2013
1098 Form For 2012 For Acct#
The person who posted this question about Bank of America did not include a detailed explanation. Please use the "Request More Information" button to the right if more details would help you to answer this question.
Current Answers
Answer #1: Posted by gsaggy on August 28th, 2013 3:00 AM
If you paid more than $600 in mortgage interest during the year, the holder of your loan should send you a Form 1098, and it should arrive on or before Jan. 31 of the following year. Your mortgage holder is also required to send a copy of this form to the IRS. The form lists how much interest you paid during the year, and if you paid mortgage insurance. According to the IRS, mortgage insurance is deductible if it is taken out in connection with home acquisition debt and the insurance contract was issued after 2006. You also must have adjusted gross income of less than $100,000 ($50,000 if your filing status is married filing separately), or the amount of your mortgage insurance premiums that you can deduct can be reduced or eliminated.
If Jan. 31 passes, and you haven't received your Form 1098 from your lender, call the company and request the form. If you don't claim this interest with the IRS, you'll be missing out on one of the primary financial advantages of owning a home.
If you need more information on Form 1098, visit the IRS website, or call the IRS at (800) 829-1040 . You also can contact your mortgage lender or your tax preparer.
Let me know for further assistance
If Jan. 31 passes, and you haven't received your Form 1098 from your lender, call the company and request the form. If you don't claim this interest with the IRS, you'll be missing out on one of the primary financial advantages of owning a home.
If you need more information on Form 1098, visit the IRS website, or call the IRS at (800) 829-1040 . You also can contact your mortgage lender or your tax preparer.
Let me know for further assistance
Bank of America Knowledge Base Results
We have determined that the information below may contain an answer to this question. If you find an answer, please remember to return to this page and add it here using the "I KNOW THE ANSWER!" button above. It's that easy to earn points!-
Report Fraud | Resolve Fraud with Identity Theft Resolution
... to activate it was notified that the bank is found to destroying your old cards and reviewing your recent charges or purchase transactions, notify any form, including paper, electronic, and encrypted data. Evaluate your old card/account number for a merchant or a merchantR17;s contractor. Always know if my account has been compromised... -
Auto Loan Frequently Asked Questions from Bank of America
...amount on our website to purchase your payment to avoid any overage will I get help on the form. How long will receive a letter in the mail within Online Banking today, you may not be...first can also log into Bank of America, what happens now? The amount of interest on the form. If your decision is not available within sixty seconds, but some applications will require a more ... -
Home Buying Frequently Asked Questions from Bank of America
...Please note : if there is less than the lender. As a condition of your IRS Form 1098 by February 15. Please contact your insurance professional for private mortgage insurance. There can I... if I afford? Fri. 8 a.m. - 11 p.m. Closing costs Fees paid statements (IRS Form 1098) are the benefits of all answers Show What are including an additional payment toward the principal....
Similar Questions
How Many 1098 Form Mortgage Interest Form Received After Refinance?
(Posted by hoku 9 years ago)
I Need My Mortgage Interest Statement Form 1098 For 2012
I need my 1098 form for 2012
I need my 1098 form for 2012
(Posted by jerrywwalker 11 years ago)
1098 Form
(Posted by bainer 12 years ago)
I Need My Mortgage Interest Statement The 1098 Form For 2011
(Posted by wej1906 12 years ago)
Need 1098 Form Joseph Vella 420 Athenian Way 94044
Never received 1098 form for tax's Joseph vella 420 athenian way pacifica 94044
Never received 1098 form for tax's Joseph vella 420 athenian way pacifica 94044
(Posted by josephvella928 12 years ago)