select the correct answer.\nwhat is the purpose of a 1098 tax form?\na. to report interest income from bank…

select the correct answer.\nwhat is the purpose of a 1098 tax form?\na. to report interest income from bank accounts\nb. to report dividends or capital gains from stock investments\nc. to report federal income taxes withheld by an employer\nd. to claim qualified expenses such as deductions or credits\ne. to correct mistakes on an already filed tax return

select the correct answer.\nwhat is the purpose of a 1098 tax form?\na. to report interest income from bank accounts\nb. to report dividends or capital gains from stock investments\nc. to report federal income taxes withheld by an employer\nd. to claim qualified expenses such as deductions or credits\ne. to correct mistakes on an already filed tax return

Answer

Brief Explanations:

A W - 2 form is used to report federal income taxes withheld by an employer. Interest income from bank accounts is reported on other forms. Dividends or capital gains from stock investments have their own reporting forms. Claiming qualified expenses like deductions or credits is done on different parts of the tax return. Correcting mistakes on a filed return uses an amended return form.

Answer:

C. to report federal income taxes withheld by an employer