4506-T (Request for Transcript of Tax Return)
Form 4506-T requests tax return transcripts, W-2 information, and other tax account records from the IRS. It is most commonly used during the mortgage application process, where lenders require borrowers to sign Form 4506-T so the lender can verify income directly with the IRS.
4797 (Sales of Business Property)
Form 4797 reports the sale, exchange, or involuntary conversion of business property, including rental real estate, commercial buildings, and depreciable assets. It handles the complex tax treatment of Section 1231 gains and losses, depreciation recapture under Sections 1245 and 1250, and ordinary gains from certain property dispositions.
5695 (Residential Energy Credits)
Form 5695 is used to calculate and claim residential energy credits for qualifying energy-efficient improvements to your home. Part I covers the Energy Efficient Home Improvement Credit (for insulation, windows, doors, heat pumps, and other upgrades). Part II covers the Residential Clean Energy Credit (for solar panels, wind turbines, geothermal heat pumps, and battery storage).
8949 (Sales and Other Dispositions of Capital Assets)
Form 8949 reports the details of each sale or disposition of capital assets, including real estate, stocks, bonds, and other investments. For real estate sellers, this form captures the property address, dates of acquisition and sale, sale price, cost basis, and any adjustments. The totals from Form 8949 flow to Schedule D.
CFPB Closing Disclosure
The Closing Disclosure is a five-page form that provides final details about the mortgage loan you selected, including the loan terms, projected monthly payments, closing costs, and how much cash you need to close. Required by the Consumer Financial Protection Bureau (CFPB) under the TILA-RESPA Integrated Disclosure (TRID) rules, it replaced the HUD-1 Settlement Statement for most residential transactions.
HUD-1 Settlement Statement
The HUD-1 Settlement Statement is a standardized form that itemizes all charges imposed on the borrower and seller in a real estate transaction. It details the loan terms, closing costs, escrow deposits, real estate commissions, title fees, and prorated taxes. While largely replaced by the CFPB Closing Disclosure for most transactions after October 2015, the HUD-1 is still used for reverse mortgages, HELOCs, and some manufactured housing transactions.
HUD-92900-A (FHA Addendum to Uniform Residential Loan Application)
HUD Form 92900-A is an addendum to the Uniform Residential Loan Application (URLA) specifically for FHA-insured mortgage loans. It collects additional information required by FHA, including borrower certifications about occupancy, prior FHA loans, delinquent federal debt, and the property's compliance with FHA requirements.
Schedule E (Supplemental Income and Loss)
Schedule E reports income and losses from rental real estate, royalties, partnerships, S corporations, estates, trusts, and REMICs. Part I is dedicated to rental real estate and royalties, making this the primary form for reporting rental property income and deductible expenses such as mortgage interest, depreciation, repairs, and property management fees.
Uniform Residential Loan Application (URLA / Fannie Mae 1003)
The Uniform Residential Loan Application (URLA), also known as Fannie Mae Form 1003 or Freddie Mac Form 65, is the standardized form used by nearly all mortgage lenders in the United States. It collects the borrower's personal, financial, and property information needed to evaluate a mortgage application.
VA Form 26-1880 (Request for Certificate of Eligibility)
VA Form 26-1880 is used by veterans, active-duty service members, and eligible surviving spouses to request a Certificate of Eligibility (COE) for a VA-backed home loan. The COE verifies to lenders that you meet the service requirements for a VA loan, which offers benefits like no down payment and no private mortgage insurance.