Note: If a client has specific questions about taxes, what can be deducted, or how much to pay, direct him/her to speak with his/her accountant or tax specialist.
Before sending a 1098 form, 1099-INT form, or an interest letter, you must first determine if you can provide the information to the requestor. Use the chat below to make this determination.
| Tax Form to Provide | Requirements | Search |
|---|---|---|
| 1098 (Interest paid on loan secured by real estate) |
|
|
| 1099-INT (Interest paid to client by CCB) |
Interest is at least $10 |
|
| Letter (Interest on account that did not get 1098 or 1099-INT) |
Commercial loan | Loan number |
-
Note: 1098 and 1099-INT forms can only be sent to the person it is reported under.
- For example: A husband and wife are on a joint loan. The husband is listed as primary, so his SSN is listed on the tax form. The official form can only be sent to him. A letter detailing the amount of interest paid would need to be sent if the wife sent the request.
Once you have determined whether or not you can send the information, continue with the following procedures:
- If you cannot provide the information, determine the client's interest amount by following this procedure.
- If you can provide the client with the requested information, continue.
- In Xperience, click Synergy > Find Reports.
- On the Find Reports screen, in the top search bar, choose Custom.
- For the Institution field, choose 02 - CAPITAL CITY BANK.
- For the Application field, choose TN.
- For the Report field, choose one or more of the following:
- TX E-FORM 1098
- TX E-FORM 1098
- TX E-FORM 1099-INT
- TX E-FORM 1099-INT
- In the Date field, choose Date Range. The From and To drop-down menus appear.
- Select a date range in the From and To fields (for example: 1/1/2020 - 1/1/2020 pulls tax documents from 2019).
- Click Search.
- Double-click the report to view.
- When Group 1 search box displays, enter the client's SSN, tax ID (with dashes), or the account number (for form 1099 only).