Will I receive a tax form for the interest paid on my loan?
- Tax forms are not sent for interest paid on non-real estate loans, such as boats, campers, cars, etc. These details can be found on your December statement or an earlier statement if you paid off your loan.
- For auto loans, year-to-date interest can be found on your year-end statement.
- A 1099-INT form is issued only if you earned $10 or more in dividends.
- A 1098 form is issued only if you paid $600 or more in mortgage interest per loan.