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Subject:  'Contract to Purchase', interest deductible? Date:  1/6/2000  11:16 AM
Author:  honeydog Number:  24515 of 124773

Unlike conventional mortgages, house title does not pass to borrower until note paid off. Meanwhile, can borrower deduct interest paid as 'mortgage interest'as itemized deduction? Also, does IRA require lender to submit 1098 statements to lender and IRS?

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