A blog post

New Mortgage Interest rules!

Posted on the 31 July, 2015 at 6:37 pm Written by in Business, General, Loans, News, Personal & Family, Taxes

little-boxes-624x236

Additional information on returns relating to mortgage interest.

Sec. 6050H is amended to require new information on the mortgage information statements that are required
to be sent to individuals who pay more than $600 in mortgage interest in a year. These statements will now be
required to report the outstanding principal on the mortgage at the beginning of the calendar year, the address
of the property securing the mortgage, and the mortgage origination date. This change applies to returns and
statements due after Dec. 31, 2016.