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Sp Sp Sp Sp Sp pee e e e e CI CI CI I'm m m m m m en en en e Statement to accompany Dividend Check showing tax credit LIMITED DEAR SIR (or MADAM), dividend at the rate of % per annum on the Shares
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What is l i m i?
L I M I stands for Loan Interest and Mortgage Interest Statement.
Who is required to file l i m i?
Individuals who paid mortgage interest of $600 or more during the year are required to file L I M I.
How to fill out l i m i?
Lenders will provide borrowers with Form 1098, which includes the necessary information to fill out L I M I.
What is the purpose of l i m i?
The purpose of L I M I is to report the amount of interest paid on a mortgage, which may be deductible on the borrower's tax return.
What information must be reported on l i m i?
The borrower's name, address, and Social Security number, as well as the amount of interest paid on the mortgage.
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