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well you got 1098 in the mail huh one of these that is actually good news for you because this is a mortgage interest statement what it is is your lender has to report to the IRS all the interest that you pay down there on its desk so if you had a mortgage and whether you did a short sell or closure a loan modification or whatever the case is this last year if you make payments to the lender they have to claim those to the IRS the IRS is been going to be told by the way of this form here that 1098 that you did make those payments the reason you get this is because you under the tax code get to deduct those mortgage interest payments that you made from your taxable income so this is a great document we to have you're not gonna want to lose it okay I have highlighted box 1 box 1 is the Box you need to be most concerned with that's just how much you pay during the year that's the amount you're gonna be able to deduct when you're filling out TurboTax or your 1040 ez or whatever it is you'r

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