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Top Questions and Answers
A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower.
Video Guide to Download As Pdf Legal New York Satisfaction Of Mortgage Forms For Free
Okay for this video i wanted to cover the irs form 8396 this is a mortgage interest credit form uh that is attached to your form 1040 tax return and so a taxpayer would include this form if they have an mcc uh approved loan and they may mortgage interest payments during the year which they are allowed to take
A federal tax credit for uh an applicable percentage of that mortgage interest paid during the year so i've got a sample 8396 in front of us that's going along with the 1040 that we'll look at and then i also have one slide here where we will look at some of the mcc program background and then the fact
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