1. Bilateral Loans
  2. Defining Attributes Specific to Loan product
  3. 1098 Parameters Maintenance
  4. Generating 1098 Forms

3.10.2 Generating 1098 Forms

You can generate 1098 forms using, 1098 Form screen.
Specify the User ID and Password, and login to Homepage.
  1. On the homepage, type OLDFSTMT and click next arrow.
    The 1098 Form screen is displayed.

    Figure 3-21 1098 Form


    Description of Figure 3-21 follows
    Description of "Figure 3-21 1098 Form"

  2. The following fields are displayed in this screen.
    • Customer - Individual Customer Number is displayed.
    • Contract Reference No – The contract for that particular customer number is displayed.
    • Branch Code – The code of the current branch is displayed.
    • Generate All - Select this field to generate 1098 Form for all the contracts.

      Note:

      Only those contracts booked under products with Include in 1098 Statement selected and with the interest paid for the year greater than the threshold limit are considered for the 1098 Form generation.
    • Generate - Generates the 1098 form for the selected contracts.
    The following fields are displayed in Details section.
    • Contract Ref No
    • Branch Code
    • Borrower Name
    • Borrower SSN
    • Interest Paid
    • Refund Amount
    This topic contains the following sub-topics:

Parent topic: 1098 Parameters Maintenance