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Author: kapaandy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121175  
Subject: Re: Mortgage Payment on 12/29/98 Date: 1/27/1999 5:14 PM
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<< 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. >

GP

I 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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