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Deductions & credits
There is a basic for the confusion. In some cases you can receive interest on you mortgage, then it is being reported on Form 1099-INT and it must be reported on your tax return. If you paid the interest and received Form 1098 form your lender, it is entirely your decision if you want to deduct it, there is no reporting requirements.
‎February 13, 2021
2:31 PM