Ask Question
22 June, 15:37

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. 22 June, 17:03
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers