Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84; site bonnie.UUCP Path: utzoo!watmath!clyde!bonnie!wjh From: wjh@bonnie.UUCP (Bill Hery) Newsgroups: net.taxes Subject: Re: taxes & home purchase Message-ID: <531@bonnie.UUCP> Date: Fri, 16-Aug-85 16:26:55 EDT Article-I.D.: bonnie.531 Posted: Fri Aug 16 16:26:55 1985 Date-Received: Sun, 18-Aug-85 04:04:41 EDT References: <1793@bmcg.UUCP> <4154@alice.UUCP> Organization: AT&T Bell Laboratories, Whippany NJ Lines: 12 > > Your first mortgage payment isn't due unti May 1. Payments will be > due the first of each month thereafter. Thus, this year you can deduct > payments you made on the first of May, June, July, August, September, > October, November and December. You have to wait until next year > to deduct the payment you made on January 1. > If you want to deduct the Jan 1 payment this year, pay it on Dec. 30. Make sure you get a separate rct. from the bank dated Dec. 30, since they will probably credit your account on the next business day (which is next year). As far as IRS is concerned, it's the date you actually PAID the interest that counts.