Mortgage Interest Statement: Copy B For Payer/ Borrower
Mortgage Interest Statement: Copy B For Payer/ Borrower
Mortgage Interest Statement: Copy B For Payer/ Borrower
Wells Fargo Bank N.A. may not be fully deductible by OMB No. MORTGAGE
01/15/24 you. Limits based on the loan
Return Mail Operations
amount and the cost and value
1545-1380 INTEREST
PO Box 14411
Des Moines IA 50306-3411
of the secured property may
apply. Also, you may only
2023 STATEMENT
deduct interest to the extent it
was incurred by you, actually Form
paid by you, and not reimbursed 1098 Copy B
We accept telecommunications relay service calls. by another person.
Phone #: 1-800-222-0238 For Payer/
Fax #: 1-866-278-1179 CORRECTED (if checked) RECIPIENT'S/LENDER'S TIN Borrower
94-1347393
The information in boxes
PAYER'S/BORROWER'S TIN
PAYER'S/BORROWER'S name, street address, city, state and ZIP code 1 through 9 and 11 is
XXX-XX-4785 important tax information
and is being furnished to
1 Mortgage Interest received from the IRS. If you are
payer(s)/borrower(s)* $1,721.83 required to file a return, a
DAVID A YOUNG 2 Outstanding mortgage 3 Mortgage negligence penalty or
other sanction may be
1704 NORTH DR
YNNNNNNNNN
principal (See instructions) origination date
imposed on you if the IRS
STAUNTON, VA 24401-1838 $55,643.04 08/10/2012 determines that an
4 Refund of overpaid 5 Mortgage insurance underpayment of tax
interest premiums results because you
overstated a deduction for
$0.00 $0.00 this mortgage interest or
6 Points paid on purchase of principal residence for these points, reported
in boxes 1 and 6; or
$0.00 because you did not
7 The address of the property securing the mortgage report the refund of
will be entered in box 8 and may be the same as interest (box 4); or
PAYER'S/BORROWER'S address. because you claimed a
nondeductible item.
See box 8 below.
Mortgage information as of 12/31/2023 (See instructions) 8 Address or description of property securing mortgage
Form 1098 SEE BACK SIDE FOR IMPORTANT INFORMATION (Keep for your records.) www.irs.gov/Form1098 Department of the Treasury - Internal Revenue Service
Please consult a Tax Advisor about the deductibility of any payments made by you or others.
Box 2. Shows the outstanding principal on the mortgage as of January 1, 2023. If the mortgage originated in 2023, shows the mortgage
principal as of the date of origination. If the recipient/lender acquired the loan in 2023, shows the mortgage principal as of the date of
acquisition.
Section 329 of the Cranston Gonzales National Affordable Housing Act requires that mortgage companies provide their customers the notice provided below
describing the requirements that the customer must fulfill upon prepayment of the mortgage. The issuance of this statement is an annual requirement of
federal law. It necessitates no activity on your behalf and does not require you to pay off your loan.
FHA#: 544-016478 Annual Disclosure Notice to Mortgagor Date: 01/01/24
This notice is to advise you of requirements that must be followed to prepay your mortgage. This notice is also to advise you of requirements you must fulfill
upon the prepayment of your mortgage to prevent the accrual of any interest after the date you prepay your mortgage.
The amount reflected below is the amount outstanding on the loan for prepayment of the indebtedness due under your mortgage. This amount is goodthrough
02/01/24. (The amount provided is subject to further accounting adjustments. Also, any corporate advances made by us or payments received from you before
the stated expiration date on this notice will change your prepayment amount.)
(The amount below reflects the amount outstanding under the mortgage, including principal, interest, penalties, late charges, advances, any other charges
related to the loan, and any foreclosure or bankruptcy expenses incurred to date under the mortgage.)
$54,766.52 (Balance Due)*
You may prepay your mortgage at any time without penalty. However, in order to avoid the accrual of interest on any prepayment after the date of prepayment,
the prepayment must be received on the installment due date (the first day of the month). Otherwise, you may be required to pay interest on the amount
pre-paid through the end of the month.
If you have any questions regarding this notice, please contact our Customer Service Department toll free at 1-800-222-0238.
*Please remember that the amount listed on this notice above may not correspond with your current principal balance. It may include
interest and other charges associated with the payoff of your mortgage loan.
Retain This 1098 With Your Important Tax Records
Please consult a Tax Advisor about the deductibility of any payments made by you or others .
Account number. May show an account or other unique number Box 9. If more than one property secures the loan, shows the number of
the lender has assigned to distinguish your account. properties securing the mortgage. If only one property secures the loan, this box
may be blank.
Box 1. Shows the mortgage interest received by the recipient/lender
during the year. This amount includes interest on any obligation Box 10. The dollar amount located in the Box is the tax amount we paid on
secured by real property, including a mortgage, home equity loan, your behalf, as billed to us by your local taxing authority, and may include
or line of credit. This amount does not include points, government items other than “Real Estate Taxes". Please consult with a tax advisor on
subsidy payments, or seller payments on a “buydown” mortgage. the deductibility, as we do not report this amount to the IRS and is informational
Such amounts are deductible by you only in certain circumstances. only.
CAUTION: If you prepaid interest in the calendar year that accrued
in full by January 15, of the subsequent year, this prepaid interest may Box 11. If the recipient/lender acquired the mortgage in the calendar year,
be included in box 1. However, you cannot deduct the prepaid amount shows the date of acquisition.
in the calendar year paid even though it may be included in box 1. If you
hold a mortgage credit certificate and can claim the mortgage interest Mortgage information as of 12/31/2023. The information is as of the end
credit, see Form 8396. If the interest was paid on a mortgage, home of the year. If your loan was transferred to another servicer, the information
equity loan, or line of credit secured by a qualified residence, you can would have been as of the date of the transfer.
only deduct the interest paid on acquisition indebtedness, and you
may be subject to a deduction limitation. Future developments. For the latest information about developments
related to Form 1098 and its instructions, such as legislation enacted after
Box 2. Shows the outstanding principal on the mortgage as of they were published, go to www.irs.gov/Form1098.
January 1, of the calendar year. If the mortgage originated in the
calendar year, shows the mortgage principal as of the date of Free File. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online
origination. If the recipient/lender acquired the loan in the calendar federal tax preparation, e-filing, and direct deposit or payment options.
year, shows the mortgage principal as of the date of acquisition.
DISPUTING ACCOUNT INFORMATION REPORTED TO CREDIT BUREAUS: We furnish information about your
account to credit bureaus. You have the right to dispute the accuracy of the information reported by writing us at Wells Fargo Home
Mortgage PO Box 10335 Des Moines, IA 50306.