How do I deduct my mrtage interest from my taxes??

Discussion in 'After Hours Lounge (Off Topic)' started by James L White, Jan 24, 2004.

  1. James L White

    James L White Supporting Actor

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    I have the form that the bank sent me showing how much interst I paid, what IRS form do I need and is a photocopy acceptable to send in with the rest of the return?
     
  2. Bryan X

    Bryan X Producer

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    You can only deduct your mortage interest if you itemize.

    If you itemize your deductions, they go on Schedule A.
     
  3. Brad Porter

    Brad Porter Screenwriter

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  4. Philip Hamm

    Philip Hamm Lead Actor

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    I recommend using TurboTax.
     
  5. MikeAlletto

    MikeAlletto Cinematographer

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    Or you can do it on paper following the instructions in the books then use turbo tax online to double check your work, but just don't submit it online. Last year I used the online one to give me the final numbers but then cancelled out. If you don't electronically file then there is no fee to use the system to do the calculations.
     
  6. Jim_F

    Jim_F Screenwriter

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    For me, Tax Cut pays for itself just by saving the time otherwise spent filling out the paper forms.
     

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