A 1099 Express source record for Form 1098-Mortgage for Tax Year 2016 looks like this:

B|3|SSN|Cor|Frgn||CS|Name1|Name2|Addr|City|State|Zip|Acct|Box1|Box6|Box4|Box10|Box5|Box7|Box8|Box9|Addr2

Field 1: Capital "B", This is the Record Identifier.
Field 2: Holds the character "3" indicating 1098-Mortgage.
Filed 3: Payer's Social Security Number.
Field 4: Correction Indicator.
Field 5: Set to "1" if payee is Foreign (outside USA).
Field 6: Empty, Reserved 
Field 7: Combined State Code.
Field 8: Payer Name 1 Field.
Field 9: Payer Name 2 Field, usually empty.
Field 10: Payer Address.
Field 11: Payer City.
Field 12: Payer State Code.
Field 13: Payer Zip Code.
Field 14: Account Information. Must be unique to distinguish corrections for duplicate recipients.
Field 15: Box 1 AMT$ Mortgage interest received from payers/borrowers.
Field 16: Box 6 Amt$ Points paid on purchase of principal residence.
Field 17: Box 4 Amt$ Refund (or credit) of overpaid interest.
Field 18: Box 10 Text: Other information such as real estate taxes, insurance paid from escrow, or collection information. Maximum length is 38 characters, not reported to IRS but prints on form. (check this in 1220)
Field 19: Box 5 Amt$ Mortgage Interest permiums.
Field 20: Box 2 Amt$ Outstanding mortgage principal as of January 1 of the Tax Year.
Field 21: Box 3 Text: Mortgage Origination Date, as MM-DD-YY or M-D-YY or M/D/YY. Imports from Excel as Date.
Field 22: Box 7 Check this box if the addr of prop securing mortgage Payers address. If not enter address in Box 8.
Field 23: Box 8 Text: Property address if different from Payer's address above. 
Field 24: Box 9 Text: Property description if no address available in Box 8 above.
Field 25: Text: Payers Address Line 2, if any.
 
All Fields are normal Ascii strings, without a Ascii Zero trailer. Each record is terminated by a carriage return, line feed sequence.

Back to Source Record Formats
Back to Main Menu