The IRS Form 1098 Mortgage Interest Statement summarizes the interest you paid to your mortgage servicer(s) in the prior year. If no payments were received during the prior calendar year (or during the time we serviced the account in the prior calendar year), the IRS Form 1098 will reflect a “zero” in Box 1, meaning you paid no interest. We send the IRS Form 1098 and accompanying notices to ensure compliance with applicable state and federal disclosure requirements.
Have more questions about 1098 tax forms? Check out this article: When can I expect my 1098 Tax Form?