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Do you deduct mortgage interest when you paid it or when it was applied?
Here is the situation and thanks in advance for help:
A new home was closed on November 15, 2018. The prepaid interest was paid at closing and the 1st mortgage payment was due Jan 1, 2019.
The 1st mortgage payment for the full amount due Jan 1st was made Dec 10, 2018. A second mortgage payment was made December 26th.
On the form 1098 received from the bank, the interest from the mortgage payment made December 26th was not included in box 1. Do I include that amount in my 2018 tax return?
‎June 4, 2019
9:25 PM