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#3
06-29-2006, 04:15 AM
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 Re: 2004 Mortgage Interest "Tyler Durden" <jaybird[at]yahoo.com> wrote - quote - > In need of some advice on a small tax question. I made my
Nope. It's only deductible in the year paid. Paid in 2004,> January 2005 house payment on 12/31/04 so the interest did > not appear on my 2005 1098 form. I did not itemize my > deductions on my 2004 taxes, so is it possible for me to add > the interest from that payment to my 2005 interest total? deductible only on your 2004 return and no place else. -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#2
03-31-2006, 10:51 AM
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| Re: 2004 Mortgage Interest Nope. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
03-31-2006, 10:30 AM
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| Re: 2004 Mortgage Interest Tyler Durden wrote: - quote - > In need of some advice on a small tax question. I made my
No, you can only deduct the interest payments actually made> January 2005 house payment on 12/31/04 so the interest did > not appear on my 2005 1098 form. I did not itemize my > deductions on my 2004 taxes, so is it possible for me to add > the interest from that payment to my 2005 interest total? in 2005. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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03-31-2006, 10:11 AM
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| Re: 2004 Mortgage Interest Tyler Durden <jaybird[at]yahoo.com> writes: - quote - > In need of some advice on a small tax question. I made my
Which is as it should be.> January 2005 house payment on 12/31/04 so the interest did > not appear on my 2005 1098 form. - quote - > I did not itemize my deductions on my 2004 taxes, so is it
Nope. You paid it in 2004. So it gets deducted in 2004 or> possible for me to add the interest from that payment to my > 2005 interest total? not at all. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
03-30-2006, 09:39 AM
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| 2004 Mortgage Interest In need of some advice on a small tax question. I made my January 2005 house payment on 12/31/04 so the interest did not appear on my 2005 1098 form. I did not itemize my deductions on my 2004 taxes, so is it possible for me to add the interest from that payment to my 2005 interest total? Thanks in advance for any help. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 2004, interest, mortgage |
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