<< I made my mortgage payment, that was due on 1/15/99 on 12/29/98, assuming that I will be able to take the interest deduction for that payment on my 98 Taxes. But when I received my statment from the bank, they had subtracted that interest amount from my 1998 total interest. I thought since I paid in 1998 I would be able to take the deduction in 1998? Am I wrong? >>< Andy, You don't say how you made your mortgage payment. You may have made it on the 29th, but it may not have credited to your account until after January 1. I wouldn't try and divide what you think the interest is over 1998 and 1999. Just file it as a lesson learned and next time make the payment in early December. I did mine in mid-December and Bank of America had no problem including mine on my year-end 1098. >GPI did receive a year end statement from my bank, where the payment does show up. But they purposely subtracted the interest for the January payment from my total 1998 interest paid. Andy...
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