Monday, March 23, 2015

I received an interest free Loan from the state of North Carolina forclosure prevention program to pay my mortgage, can I deduct the interes...

Question

I received an interest free Loan from the state of North Carolina forclosure prevention program to pay my mortgage, can I deduct the interest and taxes on my 2012 taxes



Answer

No, I don't you can because you did not pay your mortgage during this period; the state did.



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