I recieved a 1098 Mortgage Interest Statement for $1800 and a 1099-int for $720. What do I do in this case? Thanks.
2007-02-04 15:51:40 · 3 answers · asked by oj 1 in Business & Finance ➔ Taxes ➔ United States
You must now file an amended return on Form 1040X.
If you didn't itemize your original return and the 1098 interest is the only deduction it won't help you.
However the 1099 interest income DOES need to be reported and the tax needs to be paid on it.
2007-02-04 15:57:24 · answer #1 · answered by Bostonian In MO 7 · 3⤊ 0⤋
You file a 1040 amendment showing the difference. If you took it to a tax office they can do it for you. If not you can do it your self, just be careful on the figures.
2007-02-04 15:57:03 · answer #2 · answered by somg_93 2 · 0⤊ 0⤋
File an amended return.
2007-02-04 15:55:17 · answer #3 · answered by Rob D 5 · 1⤊ 0⤋