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Level 3
May 2, 2021 1:12 AM UTC
Question

Paying off mortgage

I sold stocks this year and used the proceeds specifically and wholly to pay off the remainder of my mortgage. Is there any special filing that I need to enter to account for this transaction?

2 replies

Level 15
May 2, 2021 1:38 AM UTC

Except for reporting your stock sales there is nothing else to do with regards to your paying off your mortgage. 

fanfare
Level 15
May 2, 2021 11:11 PM UTC

are you itemizing?

If so you can deduct the remaining unamortized points , if any, that you paid when taking the mortgage.