Teresa B asked:
regqarding a trustee sale, can the lender keep you from claiming the interest paid on mortage
Annette
regqarding a trustee sale, can the lender keep you from claiming the interest paid on mortage
Annette
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Brad
total intrest is deductable if you itemize.
Curtis
If you actually paid …….. No they can’t.
It’s your’s to have and to hold (question)
If you are broke, what does it matter.
Some people attempt to deduct interest that they should have paid during the default period, but didn’t actually fork out and IRS ain’t buying it.
Oh yes. In some cases the IRS will come after you for the amount, if the property is sold with equity to you.
Monica
The lender must send you a statement of interest paid every year. Lenders have no control over your tax return; that is your responsibility.