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Author: elbajo Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123538  
Subject: Mortgage interest deductible date check sent? Date: 1/3/2002 9:58 PM
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Thanks in advance for the help, folks. I looked through the FAQs and the IRS pubs but didn't find the answer to my question explicitly. goes:

My wife and I bought our house December 7th with an 80/10/10 loan. As such, the first payment on the 10% loan is due January 7th. JUst to make sure I had the right address, etc., I paid the bill (using my online bill paying) December 28th, 2001. It will not be credited until the first few days of January, 2002.

So, is the interest on that payment deductible in 2001 or 2002? I believe the answer will be 2002, but I wasn't sure if it could be claimed in 2001 since that was when I actually paid the bill (with online bill paying the funds are deducted from your account the day it is paid). Thanks again for any help!

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