Instructions 2026

1. Click 'Get Form' to open it in the editor.
2. Begin by entering the recipient's name, address, and telephone number in the designated boxes. Ensure accuracy as this information is crucial for reporting.
3. In Box 1, report the total mortgage interest received from the payer(s)/borrower(s) during the calendar year. This includes all applicable interest but excludes government subsidy payments.
4. For Box 2, enter the outstanding mortgage principal as of January 1 of the reporting year. If you originated or acquired the mortgage in that year, provide the relevant principal amount.
5. Complete Box 4 with any refunds of overpaid interest from prior years. This ensures accurate reporting of financial transactions.
6. If applicable, fill out Box 5 for Mortgage Insurance Premiums (MIP) received during the year, ensuring it meets the $600 threshold for reporting.

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