> ## Documentation Index
> Fetch the complete documentation index at: https://docs.abbyy.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Form 1098, Mortgage Interest Statement - Document Skill

> Extract data from IRS Form 1098 (Mortgage Interest Statement) — used by lenders to report mortgage interest of $600 or more paid during the tax year.

The **Form 1098, Mortgage Interest Statement** skill extracts data from Forms 1098, which are used by businesses and lenders to report mortgage interest paid to them of \$600 or more.

The Form 1098, Mortgage Interest Statement skill is a production skill. It has been fully trained on a large document set and provides high accuracy of data identification and extraction. The skill is ready to be used in production and does not require further training on your specific documents. Accuracy and straight-through processing (STP) rates can be further optimized in production through continuous learning from human-in-the-loop feedback.

This skill recognizes handwritten text. The option is enabled by default. If you do not import handwritten forms, disable the **Handwritten** option in the skill settings. 

## Countries and Languages

| Countries | Languages |
| :-------- | :-------- |
| USA       | English   |

## Extracted Fields

### Basic Form Information

| Field     | Description                                                                            |
| :-------- | :------------------------------------------------------------------------------------- |
| Void      | Specifies that the processed form should be annulled.                                  |
| Corrected | Specifies that the processed form is being submitted to correct data provided earlier. |
| Year      | The reporting fiscal year.                                                             |

### Recipient Details

| Field    | Description                        |
| :------- | :--------------------------------- |
| Name     | The name of the recipient.         |
| Street   | The address of the recipient.      |
| City     | The address of the recipient.      |
| State    | The address of the recipient.      |
| ZIP Code | The address of the recipient.      |
| Country  | The address of the recipient.      |
| Phone    | The phone number of the recipient. |

### Tax Identification Numbers

| Field           | Description                                                              |
| :-------------- | :----------------------------------------------------------------------- |
| Recipient's TIN | The tax identification number assigned to the recipient of the payments. |
| Payer's TIN     | The tax identification number assigned to the payer.                     |

### Payer Details

| Field    | Description               |
| :------- | :------------------------ |
| Name     | The name of the payer.    |
| Street   | The address of the payer. |
| City     | The address of the payer. |
| State    | The address of the payer. |
| ZIP Code | The address of the payer. |
| Country  | The address of the payer. |

### Mortgage Information

| Field                                 | Description                                                                    |
| :------------------------------------ | :----------------------------------------------------------------------------- |
| Account Number                        | The unique number used by the payer to identify the payment recipient.         |
| Mortgage Interest Received from Payer | The interest received on the mortgage from borrowers during the calendar year. |
| Outstanding Mortgage Principal        | The amount of outstanding principal on the mortgage.                           |
| Mortgage Origination Date             | The date of the origination of the mortgage.                                   |
| Mortgage Acquisition Date             | The date of acquisition.                                                       |

### Payment Details

| Field                                          | Description                                                                                                                                                  |
| :--------------------------------------------- | :----------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Refund of Overpaid Interest                    | The total refund or credit of a prior year(s) overpayment of interest.                                                                                       |
| Mortgage Insurance Premiums                    | An upfront and annual insurance premium that is required for any Federal Housing Administration (FHA) home loan, regardless of the size of the down payment. |
| Points Paid on Purchase of Principal Residence | Points that are paid on the purchase of the payer of record's principal residence.                                                                           |
| Other                                          | Other information, such as real estate taxes or insurance paid from escrow.                                                                                  |

### Property Information

| Field                                              | Description                                                                                                                                                       |
| :------------------------------------------------- | :---------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Address of Property is the Same as Payer's Address | Specifies if the address of the property securing the mortgage is the same as the payer's address.                                                                |
| Number of Properties Securing the Mortgage         | If more than one property secures the loan, shows the number of properties securing the mortgage. If only one property secures the loan, this field may be blank. |

### Address of Property Securing Mortgage

| Field    | Description                                        |
| :------- | :------------------------------------------------- |
| Street   | The address of the property securing the mortgage. |
| City     | The address of the property securing the mortgage. |
| State    | The address of the property securing the mortgage. |
| ZIP Code | The address of the property securing the mortgage. |
| Country  | The address of the property securing the mortgage. |

## Key Fields

* Year
* Recipient Details/Name
* Recipient's TIN
* Payer's TIN
* Payer Details/Name
* Account Number
* Mortgage Interest Received from Payer
* Mortgage Acquisition Date

## Validation Rules

| Rule               | Description                                                                                                                                                                                                                                                                                                                               |
| :----------------- | :---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Complete Form Year | Checks the value in the **Year** field. It removes any white spaces and converts a 2-digit year into a 4-digit format. If the last two digits are numeric and start with 9, it converts the value to the 1900's (for example, 99 converts to 1999). Otherwise, it assumes the date is from the 2000's (for example, 24 converts to 2024). |
