rlloyd123
New Member

Is it true that you can only deduct mortgage interest on 13 monthly mortgage payments? I was told by my mortgage company that this is a government rule.

my mortgage company sent a tax statement showing a much lower amount of mortgage interest paid than what the monthly statement shows.  I called and they said this is because i made more than 13 mortgage payments and i can't deduct interest on more than 13 payments.