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What form notifies the borrower of the total amount of interest and property taxes paid in the previous year?
A. 1098B. 1099C. 1199D. 1198

Respuesta :

jepessoa

Answer:

A) 1098

Explanation:

Form 1098 - Mortgage Interest Statement is used to report paid mortgage interest of $600 or more during the tax year. Taxpayers can deduct the interests included in Form 1098 from their taxable income. Only sole proprietors and individual taxpayers must file Form 1098.

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