Finanse publiczne · 8.12.1994

Reporting Requirements for Recipients of Points Paid on Residential Mortgages

This document contains final regulations setting forth the information reporting requirements for recipients of prepaid interest in the form of points (points) paid on residential mortgages. The regulations implement amendments made by the Omnibus Budget Reconciliation Act of 1989. The regulations affect any taxpayer that, in the course of a trade or business, receives $600 or more of interest, including points, in a calendar year on a residential mortgage.