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Deductions & credits
Prepaid interest paid at a real estate closing is deductible, whether reported to you on Form 1098 or not. If not reported on Form 1098, and you did receive a 1098, then add the amount paid at closing to the amount on your 1098 when you enter it, and check the box for "The interest I entered is different than what's on our 1098." On the next page, provide a brief explanation.
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March 9, 2021
8:52 PM
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