Short answer
You may receive one or more tax-related documents depending on your loan activity during the year.
What’s happening
Tax documents are issued based on activity on your loan during the calendar year. Not all borrowers receive the same documents.
A Form 1098 is issued only if mortgage interest was paid by the borrower during the year. If no interest was paid, a Form 1098 may not be generated.
Depending on your situation, you may also receive other tax forms or informational notices.
Common documents include:
• Form 1098 – Reports mortgage interest paid by the borrower
• Form 1099-INT – Reports interest earned on escrow accounts, if applicable
• Form 480.7A – Mortgage interest statement for properties located in Puerto Rico
• Annual notices – Informational disclosures required by law. These are not tax forms and are usually not needed to file taxes.
If you paid off your loan during the year, you may still receive a Form 1098 if mortgage interest was paid earlier in the year.
What to expect
• Tax documents are issued once per year
• Some documents may be included with January billing statements through mid-January
• Documents not included with statements are mailed separately or made available online
• All required tax forms are available no later than January 31
If it’s before January 31, your tax documents may still be processing and may not appear yet.
Contact us if…
• You do not see any tax documents after January 31 and believe you paid mortgage interest during the year
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