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If it is mortgage interest, why no 1098 or similar statement, what financial institution just sends and email?
Line 13, Schedule E
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.
Plumas Bank (a CA regional bank) does EXACTLY that on a commercial loan, secured by real estate. THEY say they don't have to issue a Form 1098 because it is 'deemed to be a line of credit'capel. Sigh.
@suneelamolagaval - I list it on the 'other' interest line & footnote the details to avoid IRS challenges.
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