• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $23,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $23 Million dollars
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

1098 form

sandcfort

TUG Member
Joined
May 14, 2014
Messages
108
Reaction score
10
Location
Michigan
Resorts Owned
MVCI Points
Hoping someone can explain this prior to me calling customer service on Monday. we paid off our loan with MVCI in 2019 and the 1098 says we have an Outstanding mortgage principal. I have my release document but no reference to any remaining balance.
thoughts?
 

Billikan

TUG Member
Joined
Jul 6, 2017
Messages
21
Reaction score
13
Resorts Owned
Wyndham Branson Meadows
Wyndham Kingsgate
Sheraton Vistana Villages
Westin Flex
Westin Aventuras
If you are referring to Box 2 of form 1098, this box reflects the balance as of Jan 1, 2019. I assume you paid this off in 2019 and had a balance at the beginning of the year. Is this accurate? The definition of this box can likely be found on the description for box 2 on the back of your 1098.


Sent from my iPhone using Tapatalk
 

mbstn6254

TUG Member
Joined
Dec 17, 2018
Messages
167
Reaction score
66
Location
Atltanta
Resorts Owned
Mariott Vacation Club
I think what you are seeing is a balance that was there on January 1, 2019. If you received a letter from the mortgage company stating it was paid off, that's what is important. The 1098 just shows what you paid in interest, I believe, during the year
 
Top