I prepaid 2018 mortgage payments in 2017. May the prepaid interest included with the payment be deducted in the 2017 tax year?

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No. The IRS indicates that prepaid interest allocated to the future can only be deducted in the years its allocated to.

Also, many lenders will apply excess payments to principle only, reducing the length of your mortgage. You may not have actually paid any interest, even though you made extra payments.

Why house interest deduction and property tax won’t transfer from federal to state tax? itemized deduction for state should over standard but it still choose standard

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I prepaid 2018 mortgage payments in 2017. May the prepaid interest included with the payment be deducted in the 2017 tax year?

I prepaid 2018 mortgage payments in 2017. May the prepaid interest included with the payment be deducted in the 2017 tax year?

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I prepaid 2018 mortgage payments in 2017. May the prepaid interest included with the payment be deducted in the 2017 tax year?

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I prepaid 2018 mortgage payments in 2017. May the prepaid interest included with the payment be deducted in the 2017 tax year?

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