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Summary and initial insights — Specified Passenger Vehicle Loan Interest

Oct 22, 2025 · 2 min read

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H.R. 1, P.L. 119-21, also known as the One Big Beautiful Bill Act (OBBBA), established new Sec. 6050AA. This section introduces rules concerning interest received in a trade or business from individuals on certain passenger vehicle loans. Notice 2025-57, Transitional Guidance Regarding Returns Relating to Certain Interest on Specified Passenger Vehicle Loans Received in a Trade or Business, provides transitional guidance and penalty relief for the new information reporting requirements. The notice addresses the obligations of businesses that receive

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Tax

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C Corporation Income Taxation
Tax Policy & Regulatory Change
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