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#2055667 - 12/23/15 10:59 PM Form 1098 - Points
Christina the Auditor Offline
Member
Joined: Sep 2006
Posts: 89
Asking for a loan officer -

With the new Loan Estimate / Closing Disclosure, the loan costs are split out now to show points and also the Loan Level Price Adjustment. What gets reported on the 1098? Just the points? Or, does the Loan Level Price Adjustment get included as well?

Thanks!!!

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TRID - TILA/RESPA Integrated Disclosures Rule
#2055671 - 12/23/15 11:10 PM Re: Form 1098 - Points Christina the Auditor
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Do they meet the IRS definition of points?

https://www.irs.gov/pub/irs-prior/i1098--2015.pdf

You need to ask a tax attorney.
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