Can I deduct the deferred mortgage interest added to my principal balance, and the payments applied to previously deferred interest?
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Can I deduct the deferred mortgage interest added to my principal balance, and the payments applied to previously deferred interest?
If the deferred interest is included on your 1098 or your refinance/restructure documents and was paid during 2015, you may deduct it. If the deferred interest was rolled in to the backside of your loan and not paid, you cannot deduct it.
How to report mortgage interest
- Go to Federal Taxes (Personal if using Home & Business)
- Go to Deductions and Credits & click “I’ll choose what I work on”
- Click Start across from Mortgage Interest and Refinancing in the Your Home section
June 5, 2019 10:17 PM
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Can I deduct the deferred mortgage interest added to my principal balance, and the payments applied to previously deferred interest?
Have you received Form 1098 for Mortgage Interest paid in 2015?
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June 5, 2019 10:17 PM
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Can I deduct the deferred mortgage interest added to my principal balance, and the payments applied to previously deferred interest?
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June 5, 2019 10:17 PM
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Can I deduct the deferred mortgage interest added to my principal balance, and the payments applied to previously deferred interest?
If the deferred interest is included on your 1098 or your refinance/restructure documents and was paid during 2015, you may deduct it. If the deferred interest was rolled in to the backside of your loan and not paid, you cannot deduct it.
How to report mortgage interest
- Go to Federal Taxes (Personal if using Home & Business)
- Go to Deductions and Credits & click “I’ll choose what I work on”
- Click Start across from Mortgage Interest and Refinancing in the Your Home section
