KNOWLEDGE BASE

How will my forbearance impact my year end 1098 tax statement?

If you had a COVID-19 forbearance plan in 2020, we want to help you understand what to expect on your year-end tax documents.

Due to being on this plan you likely didn't make one or more of your mortgage payments or paid less than the regular amount. Therefore, the amount of mortgage interest received may be different from previous years. This means your tax deductions for your mortgage could be less than you're used to. If you did make payments during your forbearance period, you will still get credit for any interest paid.