Year End

What Year End Form reports Interest Earned on Escrow?

• 1098-Mortage Interest Statement

• 1099-A

• 1099-C

• 1099-INT

Where can Points Paid be located?

• Hud-1

• 1098

• Closing Disclosure

• Note

How will I receive my Form 1098?

• Chase will send your tax form through U.S. Mail unless you have opted into receiving paperless tax forms.

• By U.S. Mail

• By Email

• By pigeon

Are my real estate taxes you paid deductible?

• we suggest you contact your tax or financial advisor or the IRS at [phone] or IRS.gov to find out if they are deductible

• Yes, they are!

Box 2 will show outstanding principal balance as of:

• December 1, 2022

• December 31, 2022

• January 1, 2022

• December 31, 2021

If the loan was transferred or if we acquired a loan, if interest was paid to both companies, how many year end statements will the customer receive?

If you can't locate a Tax Statement in MBWS, where can you go?

• EIV

• Infosource

• Customer Tax Statements

• MSP Screen PL05

Can you split the reporting of interest on the year-end form between the primary and secondary customers?

• Yes

• No

Why Did I not get a 1098?

• Loan is in a trust

• All Borrowers are deceased and loan is in an estate

• Loan is in an LLC

• We forgot to send

We issue this form for loans that experienced a principal balance cancellation of debt of $600 or more in a tax year.

• 1099-C

• 1099-MISC

• 1099-A

• 1099-NEC