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Information from Chase about your 2019 taxes

Your tax
statement is coming

Look for your 2019 tax statement soon

Please verify your email and mailing addresses are up to date by signing in to your account above.

Your tax statement

Your mortgage and/or home equity IRS Form 1098 (Mortgage Interest Statement) will be available by the end of January. You can see, download and print at that time. Any co-borrowers on the loan can also see the statement(s) online.

If you prepaid property taxes, here is additional information.

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Please make sure your email address is correct so we can notify you when your tax statement is ready online. Sign in to your account above to update your email address.

Verify your mailing address

Sign in to your account above to update your mailing address online before year-end to ensure your tax statement reaches you without delay.

Frequently Asked Questions

About IRS Forms 1098 and 1099

IRS Form 1098 (Mortgage Interest Statement)

What deductions can I claim on my income tax return?

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We can't provide tax advice. We suggest you contact your own tax/financial advisor or the IRS at 1-800-829-1040 or IRS.gov.

I pay mortgage insurance premiums monthly. Why isn’t that listed in Box 5 (Mortgage insurance premiums) on my Form 1098?

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Box 5 (Mortgage insurance premiums) applies only to loans closed after December 31, 2006. See the Schedule A (Form 1040) instructions for more information.

Why does my Form 1098 show more mortgage interest paid than last year?

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The amount of interest you pay may change from year to year, usually because of a change in your interest rate or in the number of payments we received from you during the calendar year.

Why doesn't my Social Security number appear on Form 1098?

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The IRS requires us to report mortgage interest received from the "Payer of Record" on a loan. We report it in the name and Social Security number of the first person listed on the billing statement, who is also known as the primary borrower.

Can reportable interest be claimed by more than one person on their income tax return?

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We can't provide tax advice. We suggest you contact your own tax/financial advisor or the IRS at 1-800-829-1040 or IRS.gov.

Will I receive more than one Form 1098 for the same property in a year?

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You should receive a Form 1098 from each company to which you paid reportable mortgage interest or points. You could receive more than one Form 1098 if you refinanced the property during the year and/or if servicing on the loan was transferred.

Do you report the real estate taxes I paid during the year on Form 1098? And can I deduct them on my income tax return?

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The IRS doesn't require us to report real estate taxes paid by you on Form 1098. We do, however, provide that information to you on the Annual Tax and Interest Statement for informational purposes only. To determine if the real estate taxes you paid are deductible, we suggest you contact your own tax/financial advisor or the IRS at 1-800-829-1040 or IRS.gov.

I paid points at closing, so why aren’t they listed in the Points Paid on Purchase of Principal Residence box (Box 2) on my Form 1098?

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Not all points are reportable, according to IRS regulations. We suggest you contact your own tax/financial advisor or the IRS at 1-800-829-1040 or IRS.gov.

IRS Forms 1099-A, 1099-C and 1099-MISC

Why did I receive Form 1099-A (Acquisition or Abandonment of Secured Property)?

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The IRS requires a lender to send you this form if it acquires an interest in your property through a foreclosure, you release your property (also known as a deed-in-lieu of foreclosure) or it determines you abandoned the property.

 

The form includes the date the property was acquired, the outstanding principal balance at the time and the property’s fair market value. For more information, please contact your own tax/financial advisor, call the IRS at 1-800-829-1040 or visit IRS.gov.

How does Chase determine if a property was abandoned?

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When we have evidence that a property has been abandoned, the IRS requires us to file a Form 1099-A. We don’t consider a property abandoned if you’ve made a payment, promised to make a payment, are actively pursuing a loan modification, selling the property or releasing the property. Also, we won’t file a Form 1099-A if a foreclosure starts within three months of the date we deem the property abandoned.

Is my debt canceled if I received Form 1099-A?

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Not necessarily. It only means that the lender acquired an interest in the property through foreclosure, you released it to the lender or they determined you abandoned it.

Why did I receive Form 1099-C (Cancellation of Debt)?

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The IRS requires us to send you this form when we cancel $600 or more of your principal balance in a calendar year. It can be all or a part of your principal balance. We can cancel debt—in certain circumstances also called waiving a deficiency—through a loan modification, a settlement for less than the amount you owed, or a business or investment debt discharged through bankruptcy.

 

We could also cancel your debt after a foreclosure, a sale of your home for less than the balance of your mortgage loan (also called a short sale) or a deed-in-lieu of foreclosure. This form includes the debt description, the cancellation date and the amount of debt canceled. For more information, please contact your own tax/financial advisor, call the IRS at 1-800-829-1040 or visit IRS.gov.

Why didn’t I receive my 1099 form at the same time I received my Form 1098?

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If applicable, Chase will mail your 1099 form by January 31st. The form will be sent separately from your IRS Form 1098.

Why didn’t I receive Form 1099-C (Cancellation of Debt) this year when I received one last year?

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The IRS only requires us to send you this form when we cancel $600 or more of your principal balance debt in a calendar year.

Do I have to file a special return with the IRS if I received Form 1099-A or Form 1099-C?

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We cannot provide tax advice. For more information, please contact your own tax/financial advisor, call the IRS at 1-800-829-1040 or visit IRS.gov.

Why didn’t I receive a Form 1099-MISC (Miscellaneous Income) when the letter that accompanied my check indicated that I may receive one this year?

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Chase sends Form 1099-MISC to customers and vendors for miscellaneous payments totaling $600 or more made during a tax year. The federal government doesn't require Chase to send tax information if you received payments of less than $600.

Why did I receive Form 1099-MISC (Miscellaneous Income)?

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The IRS requires us to send you this form when we pay you certain types of income such as incentives to sell your home for less than the balance of your mortgage loan, to release your property to us or to relocate. We may also send you Form 1099-MISC if we send you a check or apply credits to your mortgage loan related to a correction. Please refer to the letter you received for details as to why a correction was performed.

Do I have to report this as income?

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We cannot provide tax advice. We suggest that you ask your own tax/financial advisor, call the IRS at 1-800-829-1040 or visit IRS.gov for information.

Why did both my spouse or co-owner and I receive a Form 1099-MISC for the total amount paid?

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In certain cases, we reported the total benefit amount on Form 1099-MISC for each person listed on the check. For more information, please contact your own tax/financial advisor, call the IRS at 1-800-829-1040 or visit IRS.gov.

Why does the Form 1099-MISC list only me when the check from Chase was made out to me and my co-borrower?

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We’ll send you Form 1099-MISC (Miscellaneous Income), if required by the IRS. If you receive Form 1099-MISC, and you’re not tax responsible for the full amount on that form, please consult the Form 1099-MISC instructions for more information about how to file Form 1099-MISC in these situations. Please see the Who Must File section of the IRS General Instructions for Certain Information Returns at IRS Publication i1099gi (PDF). If you have questions about how this affects your tax return, you can call the IRS at 1-800-829-1040 or contact your own tax advisor.

Who do I contact to correct my Social Security number on my tax statements?

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To change the Social Security number or TIN on your account, we must receive a completed and signed Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding) or Form W-9 (Request for Taxpayer Identification Number and Certification) from any customer on the account who is requesting the change. These forms are available at IRS.gov.

 

Submit your written request and any supporting documents to:

Regular mail

Chase
Attn: Year End
Mail Code OH4-7214
P.O. Box 24725
Columbus, OH 43224-9833

Overnight mail

Chase
Attn: Year End
Mail Code OH4-7214
3415 Vision Drive
Columbus, OH 43219-6009

Fax

1-614-422-7575

For other questions or inquiries, please call the telephone number printed on your tax statement.