Mortgage Interest with Cancellation - Spidell

Mortgage Interest with Cancellation

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Message Board Mortgage Interest with Cancellation

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    • #249550
      Rhonda Worsham
      Participant

      I have a client that has a mortgage interest statement (1098) but also has a cancellation of debt for a short sale on her home. Can she claim this interest? The interest is not included in the cancellation of debt. She is insolvent when it comes too the COD

    • #249996
      Diane White
      Participant

      She can claim the mortgage interest she actually paid.

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