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mefturn
New Member

I had an overlap where I paid for two mortgages in 2016 until I sold a house, and I deduct both?

I paid for two mortgages in 2016 until one house sold, can I deduct both mortgages?
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1 Reply
Carl
Level 15

I had an overlap where I paid for two mortgages in 2016 until I sold a house, and I deduct both?

No. But you can deduct the mortgage interest on both, as reported on the 1098-Mortgage Interest Statement for each.

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