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February 25, 2022
Question

I bought a house in Dec 2021. Can I deduct that mortgage expense?

  • February 25, 2022
  • 2 replies
  • 0 views
No 1098 was issued because it was at the end of the year.

2 replies

February 25, 2022

what mortgage expense if you paid nothing on the mortgage. however, points would be deductible in the year of purcahse.

February 25, 2022

If it was your primary or second home and you itemize deductions you can deduct the mortgage.  A lender does not have to issue a 1098 if the interest paid was less than $600.