Which of the following loans is clearly NOT subject to the IRS mortgage interest reporting requirement?

Last Updated on January 25, 2022 by Admin 2

Which of the following loans is clearly NOT subject to the IRS mortgage interest reporting requirement?

  • A loan made to purchase securities, secured by rural acreage
  • A loan made to finance a college education, secured by a piece of commercial real estate
  • A loan made to purchase a lot on a lake, secured by a certificate of deposit
  • A loan made to purchase a residence, secured by the dwelling
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