Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance Non US citizens and 1098 reporting
Thread Options
#879265 - 12/27/07 06:12 PM Non US citizens and 1098 reporting
sunshinebanker Offline
100 Club
Joined: Mar 2006
Posts: 233
If a bank makes a loan to a non US citizen, should mortgage interest paid be reported to the IRS? Is this reporting any different if he/she is a canadian citizen? Do we have them complete a W-8 Ben?

Return to Top
Lending Compliance
#879512 - 12/27/07 10:34 PM Re: Non US citizens and 1098 reporting sunshinebanker
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
I don't know how to link - but here are the guidelines for 1098:

http://www.irs.gov/pub/irs-pdf/i1098.pdf
_________________________
Just working here until I get my letter from Hogwarts.

Return to Top
#879513 - 12/27/07 10:34 PM Re: Non US citizens and 1098 reporting HRH Okie Banker
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
Guess I do know how!
_________________________
Just working here until I get my letter from Hogwarts.

Return to Top

Moderator:  Andy_Z