Community
:
Discussions
:
Taxes
:
Deductions & credits
:
Forbearance and deduction of mortgage insurance accrued but not paid. Given the forbearances that have been issued as a result of Covid, will the mortgage interest accrued but not paid in 2020 still
tburgos3
New Member
Mark as New
Bookmark
Subscribe
Subscribe to RSS Feed
Permalink
Print
Report Inappropriate Content
Forbearance and deduction of mortgage insurance accrued but not paid. Given the forbearances that have been issued as a result of Covid, will the mortgage interest accrued but not paid in 2020 still
Be deductible?
Topics:
TurboTax Free Edition Online
December 8, 2020
10:51 AM
Critter-3
Level 15
Mark as New
Bookmark
Subscribe
Subscribe to RSS Feed
Permalink
Print
Report Inappropriate Content
Deductions & credits
No. To be deducible they must be paid.
December 8, 2020
10:57 AM
Opus 17
Level 15
Mark as New
Bookmark
Subscribe
Subscribe to RSS Feed
Permalink
Print
Report Inappropriate Content
Deductions & credits
You cannot deduct any expense unless you actually pay it.
December 8, 2020
11:44 AM
