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1098 Mortgage Interest Statement - 2023 - 1935 S Glen Rd, Shelby, MI 49455.pdf

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ANNUAL TAX AND INTEREST STATEMENT 1098-2023 Principal Balance 4027 Lake Drive SE Grand Rapids, MI 49546 $4,862.62 $641,601.62 $13,548.70 Current Payment Ending Balance Principal Applied Return Service Requested 33210498 MARK JOHNSON Manage your mortgage statements on the go! Visit LMCU.org and sign in to online banking to manage your mortgage and get access to our 24/7 education center, right from your phone or tablet! Plus, sign up for eStatements and you'll receive a notification within online

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ANNUAL TAX AND INTEREST
STATEMENT 1098-2023

Principal Balance

4027 Lake Drive SE
Grand Rapids, MI 49546

$4,862.62
$641,601.62
$13,548.70

Current Payment
Ending Balance
Principal Applied

Return Service Requested
33210498

MARK JOHNSON

Manage your mortgage statements on the go!
Visit LMCU.org and sign in to online banking to manage your mortgage and get access to our 24/7 education center, right from
your phone or tablet! Plus, sign up for eStatements and you'll receive a notification within online banking letting you know that
your statement's ready instead of cluttering your mailbox. Just sign in to online banking at LMCU.org, click your address under
Loans, and change your statement delivery preferences to paperless.

CORRECTED (if checked)
RECIPIENT’S/LENDER’S name, street address, city or town, state or
province, country, ZIP or foreign postal code, and telephone no.

Lake Michigan Credit Union
4027 Lake Drive SE
Grand Rapids, MI 49546
(844) 754-6280

*Caution: The amount shown may OMB No. 1545-1380
not be fully deductible by you.
Limits based on the loan amount
Form
and the cost and value of the
secured property may apply. Also,
you may only deduct interest to the (Rev. January 2022)
extent it was incurred by you,
For calendar year
actually paid by you, and not
20 23
reimbursed by another person.

1098

1 Mortgage interest received from payer(s)/borrower(s)*

$21,903.02
RECIPIENT’S/LENDER’S TIN

38-1215360

PAYER’S/BORROWER’S TIN

***-**-1650

PAYER’S/BORROWER’S name

2 Outstanding mortgage
principal

3 Mortgage origination date

$655,150.32

11/15/2021

4 Refund of overpaid
interest

5 Mortgage insurance
premiums

$0.00
6 Points paid on purchase of principal residence

MARK JOHNSON

$0.00

Street address (including apt. no.)

7
If address of property securing mortgage is the same
as PAYER’S/BORROWER’S address, the box is checked, or
the address or description is entered in box 8.

City or town, state or province, country, and ZIP or foreign postal code

8 Address or description of property securing mortgage

1935 S GLEN RD
SHELBY MI 49455
9 Number of properties securing the
mortgage

10 Real Estate Taxes Paid

$20,294.39

Form 1098 (Rev. 1-2022)

Copy B
For Payer/
Borrower

The information in boxes 1
through 9 and 11 is
important tax information
and is being furnished to
the IRS. If you are required
to file a return, a negligence
penalty or other sanction
may be imposed on you if
the IRS determines
that an underpayment of
tax results because you
overstated a deduction for
this mortgage interest or for
these points, reported in
boxes 1 and 6; or because
you didn’t report the refund
of interest (box 4); or
because you claimed a
nondeductible item.
11 Mortgage
acquisition date

Account number (see instructions)

0170279839

Mortgage
Interest
Statement

Conv. RES
(Keep for your records)

www.irs.gov/Form1098

Department of the Treasury - Internal Revenue Service

Instructions for Payer/Borrower
A person (including a financial institution, a governmental unit, and a cooperative
housing corporation) who is engaged in a trade or business and, in the course of
such trade or business, received from you at least $600 of mortgage interest
(including certain points) on any one mortgage in the calendar year must furnish
this statement to you.
If you received this statement as the payer of record on a mortgage on which
there are other borrowers, furnish each of the other borrowers with information
about the proper distribution of amounts reported on this form. Each borrower is
entitled to deduct only the amount each borrower paid and points paid by the
seller that represent each borrower’s share of the amount allowable as a
deduction. Each borrower may have to include in income a share of any amount
reported in box 4.
If your mortgage payments were subsidized by a government agency, you
may not be able to deduct the amount of the subsidy. See the instructions for
Schedule A, C, or E (Form 1040) for how to report the mortgage interest. Also,
for more information, see Pub. 936 and Pub. 535.
Payer’s/Borrower’s taxpayer identification number (TIN). For your protection,
this form may show only the last four digits of your TIN (SSN, ITIN, ATIN, or EIN).
However, the issuer has reported your complete TIN to the IRS.
Account number. May show an account or other unique number the lender has
assigned to distinguish your account.
Box 1. Shows the mortgage interest received by the recipient/lender during the
year. This amount includes interest on any obligation secured by real property,
including a mortgage, home equity loan, or line of credit. This amount does not
include points, government subsidy payments, or seller payments on a
“buydown” mortgage. Such amounts are deductible by you only in certain
circumstances.

!
▲
CAUTION

If you prepaid interest in the calendar year that accrued in full by
January 15, of the subsequent year, this prepaid interest may be
included in box 1. However, you cannot deduct the prepaid
amount in the calendar year paid even though it may be included in
box 1.

If you hold a mortgage credit certificate and can claim the mortgage interest
credit, see Form 8396. If the interest was paid on a mortgage, home equity loan,
or line of credit secured by a qualified residence, you can only deduct the
interest paid on acquisition indebtedness, and you may be subject to a
deduction limitation.

Box 2. Shows the outstanding principal on the mortgage as of January 1 of the
calendar year. If the mortgage originated in the calendar year, shows the
mortgage principal as of the date of origination. If the recipient/lender acquired
the loan in the calendar year, shows the mortgage principal as of the date of
acquisition.
Box 3. Shows the date of the mortgage origination.
Box 4. Do not deduct this amount. It is a refund (or credit) for overpayment(s)
of interest you made in a prior year or years. If you itemized deductions in the
year(s) you paid the interest, you may have to include part or all of the box 4
amount on the “Other income” line of your calendar year Schedule 1 (Form
1040). No adjustment to your prior year(s) tax return(s) is necessary. For more
information, see Pub. 936 and Itemized Deduction Recoveries in Pub. 525.
Box 5. If an amount is reported in this box, it may qualify to be treated as
deductible mortgage interest. See the calendar year Schedule A (Form 1040)
instructions and Pub. 936.
Box 6. Not all points are reportable to you. Box 6 shows points you or the seller
paid this year for the purchase of your principal residence that are required to be
reported to you. Generally, these points are fully deductible in the year paid, but
you must subtract seller-paid points from the basis of your residence. Other
points not reported in box 6 may also be deductible. See Pub. 936 to figure the
amount you can deduct.
Box 7. If the address of the property securing the mortgage is the same as
the payer’s/borrower’s, either the box has been checked, or box 8 has been
completed.
Box 8. Shows the address or description of the property securing the mortgage.
Box 9. If more than one property secures the loan, shows the number of
properties securing the mortgage. If only one property secures the loan, this box
may be blank.
Box 10. The interest recipient may use this box to give you other information,
such as real estate taxes or insurance paid from escrow.
Box 11. If the recipient/lender acquired the mortgage in the calendar year,
shows the date of acquisition.
Future developments. For the latest information about developments related to
Form 1098 and its instructions, such as legislation enacted after they were
published, go to www.irs.gov/Form1098.
Free File. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online
federal tax preparation, e-filing, and direct deposit or payment options.