1098 Mortgage Interest Statement for Hard Money Loans?

[Jordan P.]

Hi all,

I assume this a question for you CPAs out there:

If I'm utilizing hard money loans to purchase properties, should I be receiving a Form 1098 Mortgage Interest Statement from that hard money lender? I'm not sure if hard money loans constitute "mortgages," but there is a lien on the property and I am paying interest, so theoretically shouldn't I be able to write off that interest using Form 1098?

Thanks!

Jordan

[Michael Plaks]

Quote from @Ben Taub:

What do I do if I can't get a Form 1098 Mortgage Interest Statement, tried to ask it from my private lander multiple times, but they must check with their bookkeeper Etc. and so on and so furth, it's now more than a year from when i asked for it, and i need to file for taxes ASAP, what can i do?

You don't need a form to file your taxes. You just need to know the amount of interest you paid.