Legal Question in Tax Law in Illinois

mortgage interest

My husband recently heard that it is a myth that you must itemize in order to deduct mortgage interest, is this true? If so how? Where besides a schedule A would you include it?


Asked on 5/05/09, 4:55 pm

1 Answer from Attorneys
Cyndi Perez Trostin

Re: mortgage interest

Unless you own rental real estate, the only place to deduct mortgage interest is on a Schedule A.

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Answered on 5/06/09, 9:44 pm


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