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Determine which items is not deductible mortgage interest

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Problem 1: Robin is a new tax preparer and understands mortgage interest can be deducted when itemizing. Robin is familiar with the basics, but is unsure of which type(s) of interest can be deducted. Which of the following items is not deductible mortgage interest?

Option a) Mortgage interest paid to an individual and no Form 1098 issued

Option b) Mortgage interest on a second mortgage

Option c) Mortgage points on a new mortgage charged in place of inspection fees

Option d) Mortgage interest on a cabin the taxpayer owns (in addition to a main home)

Reference no: EM132478944

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