NEW IRS Form 1098 for Tax Year 2016
The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (P.L. 114-41) was signed by President Obama on July 31. The Act includes additional reporting requirements for mortgage servicers starting in tax year 2016.
The new IRS Form 1098 Mortgage Interest is here
For forms 1098 issued to payers after December 31, 2016, you must report:
Box 2. Outstanding mortgage principal as of January 1, 2016
Box 3. Mortgage origination date.
Box 8. Address of property securing mortage
Box 9. If property securing mortgage has no address, below is the description of the property