Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
You don't deduct mortgage payments, you deduct the interest paid.
If you made 13 payments in a year, paying January 2000 in January and January 2001 on Dec 29, then you have paid 13 months of interest in 2000 and the statement you get from your mortgage company should reflect this.
Best wishes, Chris
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.