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