[C320-list] Boat owners income tax question

[T. Scott Thompson]

I purchased Surprise from the dealer in Annapolis a few years back, who 
arranged attractive financing through Key Bank.  They sent a book of 
payment coupons then, and once a year they send a flier offering me a 
chance to skip a payment, and that's all.  Never an annual statement, 
never a 1098.  I've called their customer service about this several 
times (no small feat in itself) and they claim this is their standard 
policy.  The only thing that keeps me from refinancing in order to get 
better customer service is that the rate is good.  I've had to rely on 
their telephone information service to get verification of the amount of 
interest I've paid.

Rod Boer wrote:
> Hi All,
>
> I normally receive a Form 1098, Mortgage Interest Statement, from my bank for my boat loan to be used for a deduction on my Federal Income Tax.  This year my bank, The Citizens National Bank, who several area Catalina Dealers use for boat loans, decided they would no longer provide this form.  One of the persons I talked with at the bank indicated that all banks were doing this and I wondered if other list members experienced the same thing this year.  Thanks.
>
> Rod Boer
> Odyssey, #688   
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