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Flaguy
January 23, 2024
Question

Mortgage Interest earned

  • January 23, 2024
  • 1 reply
  • 0 views

I own a mortgage on a home that I have recently sold  How do I create a form 1098 for the borrower?

    1 reply

    Carl11_2
    Carl11_2
    Employee
    January 23, 2024

    There is no way in TTX to create a 1098. However, it is perfectly acceptable to the IRS for you to send the borrower a "letter in lieu of 1098-Mortgage Interest Statement".  The letter just needs to include on the information that would be on a 1098, if you had the means to actually issue one.

     

    F
    FlaguyAuthor
    January 26, 2024

    Thank you.

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