IRS and the Interest Deduction
Anybody else having issues with the IRS on the mortgage interest deduction for the motorhome as a second home? My motorhome is financed through Wells Fargo Bank. For the entire life of the loan they...
Forum Discussion
I believe the statement is a substitute 1099. As a CPA for 35 years the previous is what I would do. But I have learned in the past that many of you do things a little differently than I do. Just a suggestion that seems simple to me.
It's not a 1099-INT or 1098, it's just a substitute 1099 showing how much interest they earned on your loan. Then I guess you need to show how the loan relates to your second home, letter, pictures?
It's not a 1099-INT or 1098, it's just a substitute 1099 showing how much interest they earned on your loan. Then I guess you need to show how the loan relates to your second home, letter, pictures?
