Ask Question
13 October, 21:48

What form notifies the borrower of the total amount of interest and property taxes paid in the previous year?

A. 1098B. 1099C. 1199D. 1198

+2
Answers (1)
  1. 14 October, 01:44
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What form notifies the borrower of the total amount of interest and property taxes paid in the previous year? A. 1098B. 1099C. 1199D. 1198 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers