New tax laws require you to prove how funds are used to qualify for a deduction. This can mean that not all of the interest and points reported on your 1098 statements are tax-deductible.Tax Tip: Include a note with each 1098 you receive to track what the loan is for.
Deborah Morgan and Company, Inc. has been helping entrepreneurs, business owners, non-profits and individuals like you grow and prosper for more than 25 years. We specialize in helping you achieve the long-term growth you seek, and we pride ourselves on our uniquely proactive approach to both defining and fulfilling the individual needs of each and every one of our clients