what is form 1098 mortgage interest statement 
form 1098 mortgage interest statement is an internal revenue service irs form used by taxpayers to report the amount of interest and related expenses paid on a mortgage during the tax year when the amount totals 600 or more related expenses include points paid on the purchase of the property points are prepaid interest made on a home loan to improve the rate on the mortgage offered by the lending institution form 1098 serves two purposes 