I sold a property with a wrap and I hold escrow so how do I show the owners their year end payment breakdown

[Wade G.]

I sold one of my rentals with a mortgage wrap last year. I hold escrow for the buyers. I am certain that I need to provide the owners with an end of year statement showing how much they paid toward the loan amount, interest, and taxes for the year. Seems like I also need to furnish the IRS with some sort of statement too. My plan was to have an attorney do this for me the first year so I could see how its done. Thought I would ask here before I make an appointment to spend some money with an attorney.