Quote Quoting Jane0218
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I know I don't submit the 1098's. I was asking who determines which one of us (me or my fiancee) will get the 1098 forms. I guess my wording must be confusing, sorry.

"Payer of record" will be me if the lender uses the first person on the note. This lender will be selling the mortgage to who knows...

I simply want this done correctly from the beginning so we don't have to mess around with all of this next year, and the year after that, and the year after that, etc.

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Thanks.

That will mean we'll need to send in tax returns via snail mail. I've been sending in our returns electronically for almost 15 years now. That's why I want to get this straight right from the start. And I honestly don't see why this is such a big deal to the lender. I read Fannie Mae's regulations, and Fannie Mae doesn't care who is listed as Borrower or Co-Borrower., so why does the lender?
No, it does not mean that you will have to send in tax returns via snail mail. As you were previously told, your fiancé will only need to submit proof that he/she is on the loan if the IRS asks for that proof. It is NOT a big deal at all. Seriously, it is not. Yes, the instructions state to attach a statement, but you can attach an unformatted statement electronically if necessary. Or rather, a tax professional can do so. I don't believe I have ever seen that option on online programs for consumer use. However, even if you do not attach any statement, the worst that will happen is that you will get a letter and will have to prove that the deduction is valid. Once again, this is not a big deal at all.