Top tax season client questions
ThomsonReuters
JANUARY 16, 2024
The allocation of payments between principal and interest for purposes of the deduction may not match the allocation stated on Form 1098-E from the lender or loan servicer. Payroll-related forms impacted by the reduced threshold include: Form W-2 Form 1099 series, including Form 1099-NEC, 1099-MISC, and 1099-R.
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