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Not at all. You can still take a deduction for the mortgage interest you paid for the time you had the mortgage, and for any property tax paid in 2017. It sounds like you sold your residence and that, too, would have to be claimed if you received a 1099-S for the proceeds or if the profit on the sale exceeded $250,000 if filing Single or $500,000 if married joint.
For the interest and property tax, these would be part of your itemized deductions and your total itemized deductions would have to be more than your standard deduction before they benefit you on your federal return. Some states, though, allow for a lower standard deduction and let you itemize on the state even if you don't on the Federal, so it may be worth entering all your itemized deductions on the Federal return.
Not at all. You can still take a deduction for the mortgage interest you paid for the time you had the mortgage, and for any property tax paid in 2017. It sounds like you sold your residence and that, too, would have to be claimed if you received a 1099-S for the proceeds or if the profit on the sale exceeded $250,000 if filing Single or $500,000 if married joint.
For the interest and property tax, these would be part of your itemized deductions and your total itemized deductions would have to be more than your standard deduction before they benefit you on your federal return. Some states, though, allow for a lower standard deduction and let you itemize on the state even if you don't on the Federal, so it may be worth entering all your itemized deductions on the Federal return.
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