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What if I bought a house in November/December?

We closed on the house right around thanks giving, but did not make my first payment until feb 1? What do I do?
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1 Reply
KenH1
New Member

What if I bought a house in November/December?

You won't have any mortgage interest to deduct until next year. 

In most cases, that means you probably don't even need to itemize your deductions (since mortgage interest is usually the largest deduction).

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