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Get your taxes done using TurboTax
The IRS wants their SSN's to verify any deductions that they take for, say, mortgage interest. The government also wants to make sure these are bona-fide loans (especially if among family members or friends), and not gifts.
A few years ago, I sold my house and issued a short term mortgage to the buyer. All I needed was an EIN to keep the IRS happy re both of us.
March 29, 2021
10:31 AM