Step 1: Get the payoff amount and instructions. Under the Loan Information section, you will find a payoff request option that will take you to our payoff request form.Check out the payoff instructions on the Payoff Statement. You can't deduct all of the points in 2024. Loan receivables may be classified as held for investment or held for sale, or accounted for under the fair value option (FVO) method of accounting. A mortgage payoff letter can come in two forms. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan. This is the official New York State Tax Department 2024 Form IT-196-I, Instructions for Form IT-196.