maglib
Level 10

Deductions & credits

@rmoriani You don't need to as you made no payments on the new mortgage which is also indicated by the principal shown on the statement to all be the old mortgage. The interest you are reporting paid is all related to original balance. Next year it will have an impact.

 

Does this make sense?

I hope this was helpful.

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I am NOT an expert and you should confirm with a tax expert.