My mom's trust loaned my brother money for his mortgage. The mortgage started February 1, 2018. I'm looking at the Form 1098 for 2018 and it asks on #2 for the outstanding mortgage principal as of 1/1/2018. I'm assuming that would be "0" since the loan didn't start until February, right? So nowhere on this form does it have the original or current principal?
As I've been researching, I did just find a post from 3 years ago that indicates that I don't have to complete forms 1098 and 1099 since the mortgage was between relatives (deceased mom's bypass trust and my brother), is that still the case and do I not even have to bother with this? (Other than filling out the proper lines on our tax forms?)
Thanks
