Get to know your Truist mortgage statements.

Box 2 reflects the unpaid principal balance as of the beginning of the year being reported. Explanations for each box can be found on the reverse side of your 1098. To view your principal balance, please consult your latest monthly billing statement or view your mortgage account information online.  

There can be several reasons for this. For example, if you have an adjustable-rate loan, your interest rate may have increased. Additionally, if you made 13 payments from January through January of the following year, you are allowed to claim that interest. Any paid late charges will also be reflected under interest paid.

Interest is reported on the 1098 for what is due and payable for that calendar year. Any additional payments beyond January paid in prior year will not be included in the current 1098, but will be included in the following year.

The real property securing the mortgage is not located in a state requiring interest to be paid on escrow funds.

Truist is required to report points paid on new purchase owner-occupied loans which were originated through Truist or Truist Bank between January 1 and December 31. If you originated your loan through another lender, you will need to use your HUD-1 statement to claim the proper amount. Please contact a tax advisor for proper treatment of points on refinances and investment properties.

Truist files a Form 1098 with the IRS if a borrower pays $600 or more toward mortgage interest on any one mortgage during the year. If a borrower pays less than $600 in mortgage interest during the year, Truist does not file a Form 1098 with the IRS or mail a Form 1098 to the borrower.

• The IRS Form 1098 reflects the account information reported under the primary borrower’s social security number.
• We will not make any corrections to switch the order of borrowers unless there is an assumption or death of borrower.
• Paper copies of statements are only mailed to the mailing address of the primary borrower listed on the account.
• All borrowers on a loan can sign up to manage their mortgage online, and to view and download the statements as needed. 

For your privacy and security, we cannot email or fax the 1098. The 1098 will be sent by U.S. mail by January 31. If you are registered online, you can view or print another copy of your 1098.