Difference between revisions of "1098 Mortgage Interest Statements"
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− | [[File:IL445_-_1098_Mortgage_Interest_Statements.png]] | + | [[File:IL445_-_1098_Mortgage_Interest_Statements.png]] New screenshot |
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| '''Sort order''' || You can elect to sort the report results by ZIP or by loan number. Click the drop down arrow to select which sort order you prefer | | '''Sort order''' || You can elect to sort the report results by ZIP or by loan number. Click the drop down arrow to select which sort order you prefer | ||
|- | |- | ||
− | | '''Load IRS Payee Information''' || If this option is selected, the IRS Reporting System will be updated with the results of the report. Selecting this box enables | + | | '''Load IRS Payee Information''' || If this option is selected, the IRS Reporting System will be updated with the results of the report. Selecting this box enables three additional fields: |
{| class="wikitable" | {| class="wikitable" | ||
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| '''Payee operation''' || You can opt to copy amounts to existing payee, which will overwrite existing data, or you can choose to add amounts to existing payee. Adding the amounts will add the information from this report to the existing data | | '''Payee operation''' || You can opt to copy amounts to existing payee, which will overwrite existing data, or you can choose to add amounts to existing payee. Adding the amounts will add the information from this report to the existing data | ||
+ | |- | ||
+ | | '''Add AI Code to IRS payee''' || You can opt to add a specific AI code to the existing payee or leave it blank. If you wish to add a code, click the list icon to select from a list of active [[AI Codes]] in the system. *"NEW"* | ||
|} | |} | ||
+ | |- | ||
+ | | '''Exclude non-taxable borrowers (TAXN AI code)''' || If selected, the report should not include any borrowers that are churches. *"NEW"* | ||
+ | |- | ||
+ | | '''Exclude if interest under $600''' || If selected, the report should not include any loans with interest paid under $600. *"NEW"* | ||
+ | |- | ||
|} | |} | ||
Latest revision as of 18:59, 12 January 2023
Overview of IL445
The Mortgage Interest Statements provides information to borrowers regarding interest collected during a specified date range. This report is used at year end to report interest payments to the IRS. To generate the report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Loans
- Double-click Reports
- Double-click 445 1098 Mortgage Interest Statements. The parameters screen will launch:
You have the following fields available:
Field | Description | ||||||||
---|---|---|---|---|---|---|---|---|---|
Start date | Enter the start date for the range you are wishing to report on. Type the date in mm/dd/yyyy format or click the calendar icon to select the date | ||||||||
End date | Enter the ending date for the range you are wishing to report on. Type the date in mm/dd/yyyy format or click the calendar icon to select the date | ||||||||
Loan types | If you wish to report only on specific loan types, you can type the code or codes here, separated by commas, or click the list icon to select from a list of active loan types in the system. Leave this field blank to report on all loan types | ||||||||
Loan categories | If you wish to report only on a specific loan category, you can type the code or codes here, separated by commas, or click the list icon to select from a list of active loan categories in the system. Leave this field blank to report on all loan categories. *"NEW"* | ||||||||
Loan numbers | If you wish to generate the report for one or more loans, you can type the loan number(s), separated by commas, or click the list icon to select from a list of loans in the system | ||||||||
Sort order | You can elect to sort the report results by ZIP or by loan number. Click the drop down arrow to select which sort order you prefer | ||||||||
Load IRS Payee Information | If this option is selected, the IRS Reporting System will be updated with the results of the report. Selecting this box enables three additional fields:
| ||||||||
Exclude non-taxable borrowers (TAXN AI code) | If selected, the report should not include any borrowers that are churches. *"NEW"* | ||||||||
Exclude if interest under $600 | If selected, the report should not include any loans with interest paid under $600. *"NEW"* |
Print Options
After clicking the Print Options button you will see the following options. Choose the desired options and click OK to return to the report parameters screen.
Option | Description |
---|---|
Printer | Click the drop down arrow to select from a list of available printers. DDI Connect uses your default printer unless told otherwise |
Format | Click the drop down arrow to select from a list of available formats. Select paper size, number of columns, and number of rows for printing. Each report has built-in format defaults. Select “Use Defaults” to use the built-in report defaults. The number of rows and columns controls the print size and amount of information per page |
Memo | If you wish, you can add a memo to the output of the report. NOTE: It is recommended that Word documents be saved with the .docx extension |
View Report | This option generates a pdf file that is displayed on the screen when the report is generated |
Archive Report | If this option is selected, the system will archive the report in the DDI Connect report archives. For information on working with archived reports, please reference this page: Archived Report Viewer |
Print Report | If selected, the system will generate the report output to your default printer. NOTE: You will also receive a pdf version of the report, displayed on your screen |
Print via PDF | Prints directly to your printer. |
This option allows you to send a .pdf attachment of the report to the indicated users' email addresses. When OK is clicked, a dialog box will open requesting a recipient | |
Duplex/Top | Prints the report on both sides of the paper in landscape style. The printer must be capable of printing on both sides or an error will occur |
Duplex/Side | Prints the report on both sides of the paper in portrait style. The printer must be capable of printing on both sides or an error will occur |
Green bar | Adds shaded, horizontal bars to the report, making it easier to read across columns |
No dialog | Selecting this option means that no ‘Report Completed’ dialog will display after the report has been generated |
Extra copies | If you want extra copies of the report generated, type the number in this field |
When you have selected your parameters, click start. The system will generate the report and display the results. Click below to view a sample of this report's output.