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Jan 21 • General
1098's
🏦 We just sent our borrowers their 1098s… 2025
Every January we mail our performing borrowers a 1098 (Mortgage Interest Statement) before Jan 31.
Simple meaning:
✅ borrower paid mortgage interest
✅ we collected it (blew it)
✅ we report it (like a real lender)
It’s boring paperwork… but it’s real proof of “be the bank” in action. 💰
Would you rather:
- collect rent + deal with tenants or
- collect mortgage payments + send one tax form a year?
I wanted to post something here Taxey
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1098's
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