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2007-01-26 16:16:54 · 2 answers · asked by Anonymous in Business & Finance Taxes United States

I bought it in May of 2006,no points were paid on purchase so I paid on it for around 6 mo. I received a statement on interest I paid so far.

2007-01-26 16:33:06 · update #1

2 answers

If you executed your loan between December 1, 2006, and December 31, 2006, you probably did not make any payments on the mortgage. You probably paid a point on the mortgage which is tax deductible, if you use Schedule A.

2007-01-26 16:23:51 · answer #1 · answered by David W 3 · 0 0

Yes you can, if this is your second home. You can deduct mortgage interest on up to two homes at a time.

Include the mortgage interest on Schedule A.

2007-01-27 00:30:50 · answer #2 · answered by ninasgramma 7 · 0 0

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