Everything You Need To Know About Mortgages

IRS audit CP2000 is that normal thing to receive in the mail?

I received a letter CP2000 from IRS, claiming that the mortgage interest were more than the amount the lender reported to IRS. I have two mortgages and I’m co-borrower for second mortgage which I paid mortgage interest in that year but that amount were not reported under my name since I’m a co-borrower. should I just send them the two mortgages Form-1098? Also, do I send them a letter via certified mail?

What V B has posted.

Just to add one quick note on the second mortgage – make sure the second mortgage has not been deducted by the primary borrower on the account.

Yes if you are responding, send certified mail with return receipt.

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