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Level 3
May 2, 2021
Question

Paying off mortgage

  • May 2, 2021
  • 2 replies
  • 12 views

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

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

are you itemizing?

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