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DANNYB7
New Member

Can you deduct mortgage interest from a home that was sold?

 
1 Reply
MichaelL1
Level 15

Can you deduct mortgage interest from a home that was sold?

Yes, you can deduct mortgage interest on a home (that has been sold) as long as you were legally obligated to pay the mortgage when the payment was made.  This is a Sch itemized deduction.  

To enter mortgage interest

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits 
  • Click on I'll choose what I work on (if shown)
  • Under Your Home
  • On Mortgage Interest, click on the start or update button
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