lefty
Level 4

Has anyone else been getting Truist bank 1098 that look wrong?

2 clients now with Truist bank 1098 mortgage interest that is impossibly low.

$500K 30 year mortgage with only $1400 in interest paid over 12 months.

At 3.5% you would pay that much in one month!

Its almost like the amount paid is just for one month not all year.

 

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rbynaker
Level 13

Ask the client to give you "the other 1098 form."  The one from BB&T or SunTrust that covers the other 10-11 months of the year.

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JRC
Level 8

DITTO!!!!  

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