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#1
01-27-2005, 03:58 PM
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 Re: Deductible Mortgage Interest - When Paid vs. When Due billyrics wrote: - quote - > I bought my first condo in late 2003 and did not have enough
Hopefully, you gave them your January 2005 check early (in> interest or other deductions that year to itemize. For > 2004, I do plan to itemize. Looking at my 1098 for 2004, I > noticed that my payment that was due in January of 2004 was > not included because my mortgage company cashed the check in > late December 2003. Is there any way for me to adjust my > 1098 so that I can deduct all 12 months of interest for this > year? December 2004) so you will get 12 months - not the 12 that you thought. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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01-24-2005, 06:05 AM
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| Re: Deductible Mortgage Interest - When Paid vs. When Due "billyrics" <billyrics[at]hotmail.com> wrote: - quote - > I bought my first condo in late 2003 and did not have enough
If you paid it in 2003, it can only be deducted on your> interest or other deductions that year to itemize. For > 2004, I do plan to itemize. Looking at my 1098 for 2004, I > noticed that my payment that was due in January of 2004 was > not included because my mortgage company cashed the check in > late December 2003. Is there any way for me to adjust my > 1098 so that I can deduct all 12 months of interest for this > year? 2003 return. It doesn't matter when it was due. -- Barry Margolin, barmar[at]alum.mit.edu Arlington, MA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
01-24-2005, 04:29 AM
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| Deductible Mortgage Interest - When Paid vs. When Due I bought my first condo in late 2003 and did not have enough interest or other deductions that year to itemize. For 2004, I do plan to itemize. Looking at my 1098 for 2004, I noticed that my payment that was due in January of 2004 was not included because my mortgage company cashed the check in late December 2003. Is there any way for me to adjust my 1098 so that I can deduct all 12 months of interest for this year? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deductible, due, interest, mortgage, paid |
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