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Level 1
June 5, 2019
Question

I had an overlap where I paid for two mortgages in 2016 until I sold a house, and I deduct both?

  • June 5, 2019
  • 1 reply
  • 8 views
I paid for two mortgages in 2016 until one house sold, can I deduct both mortgages?

1 reply

Carl
Level 11
Level 11
June 5, 2019

No. But you can deduct the mortgage interest on both, as reported on the 1098-Mortgage Interest Statement for each.