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This is important tax information and is being furnished to the irs. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if the irs determines that an Γ’β¬Β¦ This interest is treated as personal interest and isnΓ’β¬β’t deductible.
Introduction this publication discusses the rules for deducting home mortgage interest. Part i contains general information on home mortgage interest, including points. It also explains how to report Γ’β¬Β¦