Instructions for Form 1098 (12/2026) | Internal Revenue Service
Issued by colleges to report qualified tuition and related expenses. This helps determine eligibility for Education Tax Credits .
A typical "tarea" or exercise using these forms will require you to identify or input specific values: Box 1: Total mortgage interest received from the borrower. Box 2: Outstanding mortgage principal as of January 1st. Box 5: Mortgage insurance premiums (if applicable). Tuition (1098-T)
Reports interest of $600 or more paid on a home mortgage during the year.