You'll need to sign in or create an account to connect with an expert.
You will have to print and mail your tax return; and attach explanation as to why you cannot provide the Lender's number; it is required...
As to the data entry:
IF the loan meets the requirements of a secured debt (explained below) - you will report the interest as a regular mortgage interest paid:
Home mortgage interest is deductible only if the mortgage is secured debt. Secured debt is represented by a signed instrument (such as a mortgage, a deed of trust or land contract) that:
IF the
loan does not meet the above requirements, the interest paid would be
considered personal and therefore not tax deductible.
You will have to print and mail your tax return; and attach explanation as to why you cannot provide the Lender's number; it is required...
As to the data entry:
IF the loan meets the requirements of a secured debt (explained below) - you will report the interest as a regular mortgage interest paid:
Home mortgage interest is deductible only if the mortgage is secured debt. Secured debt is represented by a signed instrument (such as a mortgage, a deed of trust or land contract) that:
IF the
loan does not meet the above requirements, the interest paid would be
considered personal and therefore not tax deductible.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
42Chunga
New Member
cobralady
Level 1
bjw5017
New Member
4md
New Member
josephmarcieadam
Level 2