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Mortgage companies already report interest to the IRS. Student loans, also.
by icedchai 6y ago
Mortgage companies already report interest to the IRS. Student loans, also.
- sokoloff 6y agoMortgage interest on a primary residence is treated differently than mortgage interest on that same house being used as a rental property.
- icedchai 6y agoI know... but for the vast majority of people, this is not an issue. You think the government doesn't know where you live, with all the other records out there? Tax preparation is a big business and is the real reason this hasn't been streamlined like it has in some other countries.