The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Real Estate Itemized Deduction Date:  1/28/2002  12:44 PM
Author:  dweiss3 Number:  57720 of 129771

I paid off my mortgage during 2001. Our property taxes were due in two equal installments in Sept and Dec. The mortgage co. made the first payment in Sept. and reported that amount on the 1099 which also shows mortgage interest paid. I made the second payment in Dec. directly to the county. When I claim the total amount on my 2001 return as an itemized deduction, will there be a problem with the IRS because the 1099 from the mortgage co. only shows half of the amount? Thanks for any help.

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us