I'm ready to do my 2010 Taxes when I realize that the amount on my monthly statement dated Dec., 31, 2010 is very different from the amount on the Form 1098 that Chase Bank sent to the IRS by $680 less. I called CHASE and the representative agreed with me but she didn't know why there was such a difference.
If I paid the interest in monthly payments, like always, nothing new, then why did Chase report a lesser amount? It will be several days before they find out.
I checked some other tax years and this has never happened. I did see more than one article online, but did not save, that said you should balance your mortgage statement each month like you balance your checking statement each month.--MO
Product or Service Mentioned: Chase Bank Mortgage.