I claimed about $4,000, but it looks like I have $13,000. That's a rather large amount. I hope I didn't lose it.
2006-11-13 07:45:41 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You can't claim it in a different year than the one in which it was paid or accrued, but you can file amended returns for those prior years to claim a refund of the tax that the deduction would have saved. However, an amended return must generally be filed within 3 years of the due date of the original return, which means that you may only be able to claim a refund for the interest attributable to the years 2003-2005.
Consult a tax advisor for advice that takes your specific circumstances into account.
2006-11-13 07:54:15 · answer #1 · answered by TaxGuru 4 · 3⤊ 0⤋
You can refile an amended claim for previous years.
Go to http://www.irs.gov for the forms of previous years for an amended submission.
2006-11-13 07:52:59 · answer #2 · answered by Anonymous · 0⤊ 1⤋
No, but you can file amended returns and claim it, subject to time limitations.
2006-11-13 07:53:52 · answer #3 · answered by Sir Ed 4 · 1⤊ 0⤋
I agree with Tax Guru, although I am the true tax guru.
2006-11-13 08:07:41 · answer #4 · answered by jinenglish68 5 · 0⤊ 1⤋