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Deductions & credits
Your 1098 form should have this other information. The program needs this information to determine if the amount of mortgage interest you paid is fully deductible on your tax return. The mortgage interest deduction is limited if your mortgage originated after December 2017 to the first $750,000 and if your mortgage originated before then the amount of interest deductible is limited to the first $1,000,000.
If you have your mortgage statement for the end of the year it should show the principal amount for the mortgage. The origination date would be the same typically as the date you purchased the home.
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March 13, 2020
9:53 AM