Mortgage Interest Statement: Copy B For Payer/ Borrower

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RECIPIENT'S/LENDER'S name, address and telephone number *Caution: The amount shown

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

$54,437.00 Ending principal balance 1704 N DRIVE


STAUNTON, VA 24401
9 Number of properties 11 Mortgage acquisition
10 Real estate taxes
securing the mortgage date
$519.78 Total current payment Account number
$2,239.15
$277.52 Escrow portion of payment 0429452691

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.

-------------------------------------------------------- 2023 INTEREST DETAIL --------------------------------------------------------


TOTAL INTEREST APPLIED 2023 $1,721.83
2023 MORTGAGE INTEREST RECEIVED FROM PAYER/BORROWER(S) $1,721.83

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 .

Instructions for Payer/Borrower


A person (including a financial institution, a governmental unit, Box 3. Shows the date of the mortgage origination.
and a cooperative housing corporation) who is engaged in a trade
or business and, in the course of such trade or business, received Box 4. Do not deduct this amount.It is a refund (or credit) for
from you at least $600 of mortgage interest (including certain overpayment(s) of interest you made in a prior year or years. If you itemized
points) on any one mortgage in the calendar year must furnish deductions in the year(s) you paid the interest, you may have to include part
this statement to you. or all of the box 4 amount on the “Other income” line of your calendar year
Schedule 1 (Form 1040). No adjustment to your prior year(s) tax return(s) is
If you received this statement as the payer of record on a mortgage necessary. For more information, see Pub. 936 and Itemized Deduction
on which there are other borrowers, furnish each of the other Recoveries in Pub. 525.
borrowers with information about the proper distribution of
amounts reported on this form. Each borrower is entitled to Box 5. If an amount is reported in this box, it may qualify to be treated as
deduct only the amount each borrower paid and points paid by the deductible mortgage interest. See the calendar year Schedule A (Form 1040)
seller that represent each borrower's share of the amount allowable instructions and Pub. 936.
as a deduction. Each borrower may have to include in income a share
of any amount reported in box 4. Box 6. Not all points are reportable to you. Box 6 shows points you or the
seller paid this year for the purchase of your principal residence that are
If your mortgage payments were subsidized by a government required to be reported to you. Generally, these points are fully deductible in
agency, you may not be able to deduct the amount of the subsidy. the year paid, but you must subtract seller-paid points from the basis of your
See the instructions for Schedule A, C, or E (Form 1040) for how to residence. Other points not reported in box 6 may also be deductible. See
report the mortgage interest. Also, for more information, see Pub. Pub. 936 to figure the amount you can deduct.
936 and Pub. 535.
Box 7. If the address of the property securing the mortgage is the same as the
Payer's/Borrower's taxpayer identification number (TIN). payer's/borrower's, either the box has been checked, or box 8 has been
For your protection, this form may show only the last four digits of completed.
your TIN (SSN, ITIN, ATIN, or EIN). However, the issuer has
reported your complete TIN to the IRS. Box 8. Shows the address or description of the property securing the mortgage.

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.

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