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Deductions & credits
@curiousminds wrote:No It is not spelled out because that isn’t what is being reported and I have no control over that.
It most certainly is spelled out, regardless of how it is being reported (which is erroneous in this instance). Merely because certain lenders, law firms, title companies, or even the IRS are handling this scenario in one, specific manner does not mean it is the correct one (read that Tax Court case again).
August 22, 2021
8:07 AM