1098 Mortgage Interest Statements
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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:
New screenshot
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.
