Mortgage Statements & 1098s
Mortgage Interest, Ready for Tax Time.
Upload mortgage statements and Forms 1098 to each property. HostHive reads the numbers, and your assistant can total each property's mortgage interest for the year when tax time comes.
How it works
Open View Documents on the property and upload its mortgage statements and Forms 1098.
HostHive reads the payment split from each statement and the boxes from each 1098, one record per loan.
Attach a statement to the mortgage payment it explains, so the paper trail sits together.
Ask your assistant for a year's mortgage interest and it returns the total for each property, with the figures and flags behind it.
What you get
- Principal, interest and escrow come out of each statement, so you don't retype them.
- Each Form 1098 keeps its box numbers: interest, mortgage insurance, points and the property address.
- A value read with low confidence is left blank and flagged, not filled with a guess.
- Interest from two servicers in the same year adds up under the right property.
- With no 1098 for the year, statement interest is totalled and marked estimated.
- Property tax is picked up from Box 10 when the form labels it as taxes.
Who it's for
Owners and hosts
Upload the statements and 1098s you already have, and ask your assistant for the year's mortgage interest per property to hand to your preparer.
Questions hosts ask
What if I don't have a Form 1098 for the year?
For a property with no usable 1098, the report falls back to the interest on its monthly statements whose payment was due that year, and marks the total estimated. It also flags when the statements cover fewer than 12 monthly payments.
My loan moved to a new servicer. Will the interest still add up?
Yes. Several 1098s for one property and tax year are added together, and the same form filed twice counts once. Each form is matched to its property by the Box 8 address, then by the last four digits of the loan number on that property's statements.
What happens when a box on a 1098 can't be read?
That value is left blank and listed as a flag with the raw text, so you or your preparer can check it. A blank Box 1 is left out of the interest total.
Does HostHive file my return or give tax advice?
No. It puts the interest, mortgage insurance, points and property tax figures in one place for you or your preparer. It does not tell you what to deduct.
Where do I see the totals?
Ask your assistant for the mortgage interest report for a tax year. The web app shows each statement's details when you attach it to a payment, and keeps every document on the property's Documents page.