Because of recent changes made by the American Taxpayer Relief Act of 2012, the following update has been issued for Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically, revised August 13, 2012.
Payer “A” Record — Record Layout Positions 28-43 for Form 1098-Mortgage Interest Statement (pg 43) - Amount Code 4, Mortgage Insurance Premium has been reinstated.
| Record Name: Payer “A” Record (continued) | ||||
|---|---|---|---|---|
| Field Position | Field Title | Length | Description and Remarks | |
| 28-43 | Amount Codes | 16 | ||
| Amount Codes Form 1098 — Mortgage Interest Statement | For Reporting Payments on Form 1098: | |||
| Amount Code | Amount Type | |||
| 1. | Mortgage interest received from payer(s)/borrower(s) | |||
| 2. | Points paid on the purchase of a principal residence | |||
| 3. | Refund (or credit) of overpaid interest | |||
| 4. | Mortgage Insurance Premium | |||
| 5. | Blank (Filer’s use) | |||
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