not enough interest paid on house in 2006 to qualify for itemized, can i roll over to 2007?
by Mortgage Rates on Friday, October 22nd, 2010 | 4 Comments
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No.
If you don’t have enough to itemize in 2006 then the deduction for the interest paid in 2006 is lost.
The one exception are points paid at closing. You can elect to amortize them over the life of the loan thereby getting a small deduction every year instead of losing them.
Nope, you can’t, but thanks for asking!
NOPE…but…
Make your December 06 payment in January and your January 08 payment in Dec 07 and deduct 14 months of interest in 07.
Same with taxes.
The WealthBuilder
No