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
msmith1199 wrote:
And on the 1099 on line that somebody mentioned, if they put the 1099 online they would have also reported it to IRS and IRS wouldn't be sending me the letter. My home mortgage is also through Wells Fargo and in fact the IRS did receive that 1099 as it's listed on the letter they sent me.
There's more than one 1099 form- according to Turbotax, the number is seventeen. Could be more by the time I get done typing here. ;)
It may be that the one with your primary residence on it only covers THAT property. Also, it sounds like you have some raw land- did you file another 1099 for that?
Now to say what I 'most always say to folks asking tax questions on forums like this one: If you don't already have a competent accountant to ask this kind of question of, please do go out and find one! The money you save may be your own....
