digital image of pink and purple lights
Resources

Summary and initial insights - Specified Passenger Vehicle Loan Interest

Oct 22, 2025 · 2 min read

FREE ACCOUNT

ACCESS

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

Already a member?

Log in with your account
 
Forgotten email
Forgotten password

Not a member?

To gain access to exclusive content, your first step is to join the AICPA & CIMA.

Mentioned in this article

Topics

Tax

Subtopics

C Corporation Income Taxation
Tax Policy & Regulatory Change
Manage preferences

Related content

    This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants.

    About|Terms & Conditions|Accessibility|Privacy Policy|Contact|Help|Site Map

    CA Do Not Sell or Share My Personal Information

    }