Mortgage Recast

mamalookie · ‎April 18, 2022

Is a mortgage recast tax deductible? If so, how would I go about entering it into turbotax?

Vanessa A · ‎April 18, 2022

No, the only part of a mortgage that is tax deductible is the interest paid and the points paid. You would still be able to deduct interest paid by entering your 1098, but not the lumpsum payment.

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Vanessa A · ‎April 18, 2022

No, the only part of a mortgage that is tax deductible is the interest paid and the points paid. You would still be able to deduct interest paid by entering your 1098, but not the lumpsum payment.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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