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K
kandy6033
March 12, 2021
Question

CAN I STILL CLAIM MORTGAGE INTEREST AND PROPERTY TAXES IF I STOPPED PAYING MY MORTGAGE

  • March 12, 2021
  • 1 reply
  • 0 views
THE BANK TOOK OVER PAYMENTS FOR ME

1 reply

H
HelenC12
March 12, 2021

No, the tax code allows you to deduct the mortgage interest you actually paid. You can deduct the mortgage interest that you paid prior to the bank taking over your payments. 

 

The same is true for property taxes. If your property taxes were escrowed, you could deduct the escrowed property taxes that were paid to your taxing authority. 

 

 

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