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Deductions & credits
No, you cannot pickup the missed interest expense as a deduction for your home in Indiana this year. The only other option you would have is to amend the prior years returns to reflect those expenses. You would have to figure out how much of an additional savings on your prior years tax liabilty you would benefit by picking up the additional expenses. The time and costs of preparing these amended returns may not even be worth your while.
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‎February 29, 2024
7:45 AM
1,986 Views