File Form 480.7A Online for 2026 Payments

What Is Form 480.7A?

Form 480.7A, Informative Return - Mortgage Interests, is the Puerto Rico mortgage interest informative return filed with the Puerto Rico Department of the Treasury (Departamento de Hacienda).

Lenders and other businesses use it to report mortgage interest received from individual borrowers on qualified mortgages during the calendar year, along with related items like points paid, interest refunds, and property taxes.

Form 480.7A is the Puerto Rico counterpart to the federal Form 1098. Lenders that receive mortgage interest from individual borrowers may need to file Form 1098 for federal purposes and Form 480.7A for Puerto Rico reporting. The form is filed electronically through SURI, Puerto Rico's unified tax filing system.

Who Must File Form 480.7A?

Any person or business in Puerto Rico that receives mortgage interest payments from an individual on a qualified mortgage during the calendar year must file Form 480.7A.

For this purpose, a qualified mortgage generally refers to a mortgage loan secured by residential real property in Puerto Rico, such as a house, condominium, or apartment, for which mortgage interest, points, or related amounts are reportable to Hacienda. This filing requirement applies even if lending money is not the filer’s primary business activity.

As a result, the filing requirement can apply to non-bank lenders, including property developers, sellers who finance buyers, and other businesses that hold mortgages. According to Hacienda instructions, common filers include financial institutions, government entities, and housing cooperatives. The same reporting requirement also applies when a lender refunds mortgage interest to a borrower during the year.

What Must Be Reported on Form 480.7A?

The 2025 revision of Form 480.7A captures six core data boxes along with key supporting fields:

• Box 1: Interests Paid by Borrower (basic mortgage interest, excluding points)
• Box 2: Loan Origination Fees (Points) Paid Directly by Borrower (with checkbox for whether paid or financed)
• Box 3: Loan Discounts (Points) Paid Directly by Borrower (with checkbox for whether paid or financed)
• Box 4: Refund of Interests (overpaid interest returned to the borrower)
• Box 5: Property Taxes Paid
• Box 6: Original Loan Amount (or refinanced/modified amount if applicable)

Beyond the six boxes, the form also captures the loan account number, the loan term in months, the physical address of the property securing the loan, and joint borrower information if applicable.

What's New for the 2026 Tax Year?

No major structural changes have been introduced for the 2026 tax year.

Form 480.7A continues to be used to report Puerto Rico mortgage interest. Filers should use the current Hacienda revision and submit via SURI, the official electronic filing system.

Form 480.7A Filing Requirements

Before filing, lenders should make sure their loan records support every figure reported on the return.

Each box on the form corresponds to specific information from the loan account. One common reporting error is incorrectly classifying points as paid or financed, which can affect the borrower’s Puerto Rico mortgage interest deduction support.

A few essentials to keep in mind:

• Form 480.7A applies when a person engaged in a trade or business in Puerto Rico receives mortgage interest from an individual on a qualified mortgage during the year, regardless of the amount
• For Form 480.7A purposes, a qualified mortgage refers to a loan secured by residential real-estate property, such as a home, condominium, or other dwelling, where the lender receives mortgage interest payments that are reportable under Puerto Rico tax rules
• The borrower's name, address, and Social Security Number should be on file. If a joint borrower exists, their name and SSN should also be captured
• For points (Boxes 2 and 3), use the checkbox to specify whether the borrower paid them directly or financed them through the loan
• The physical address must include the urbanization name, building or apartment number, street, municipality, state, and zip code
• eFiling through SURI is the standard filing method

Form 480.7A Due Dates for the 2026 Tax Year

Form 480.7A has an earlier filing deadline than most other 480-series forms. The form must be filed by January 31 of the year following the calendar year in which the mortgage interest was received.

For 2026 mortgage interest reported in early 2027, the Hacienda deadlines are:

How to eFile Form 480.7A with 1099Online

1099Online gives Puerto Rico lenders, financial institutions, and other businesses with a guided way to file Form 480.7A and securely submit it to Hacienda through the SURI system.

Step 1: Enter Borrower and Mortgage Information

Sign in, select Form 480.7A, and add your business details and EIN as the filer (lender). Enter borrower and loan data manually or use the Excel bulk import option for high-volume filings. Multiple EINs are supported under a single account. Add the borrower's name, address, and Social Security number, along with joint borrower information where applicable. Enter the interest paid, points (with paid or financed status), interest refunds, property taxes, original loan amount, loan term, and the property's full physical address.

Step 2: Generate Borrower Copies

Choose how borrowers receive their copies. 1099Online supports password-protected email delivery and USPS print-and-mail to meet the 7-day borrower furnishing window after the January 31 filing deadline.

Step 3: Review and Transmit

Review the filing summary and prepare Form 480.7A for electronic filing with Hacienda. If a return is rejected, free re-filing is included.

Frequently asked questions