The $ 100 bonus will be treated as interest income for tax reporting purposes. (dfcu.com)
PennyMac issues the Year End Statement (also known as a Form 1098 or annual tax statement) annually to mortgagors for income tax reporting purposes. (pennymacusa.com)
However, the foreclosure increases the complexity of the transaction for tax reporting purposes since you must consider other factors, such as whether you are still responsible for any remaining mortgage debt after the bank takes possession of the rental house. (turbotax.intuit.com)