Which of the following loans is clearly NOT subject to the IRS mortgage interest reporting requirement?
A) A loan made to purchase securities, secured by rural acreage
B) A loan made to finance a college education, secured by a piece of commercial real estate
C) A loan made to purchase a lot on a lake, secured by a certificate of deposit
D) A loan made to purchase a residence, secured by the dwelling
Correct Answer:
Verified
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