another tax question

dizzneebabe

SOME IMAGINATION!!!
Joined
Apr 1, 2004
Messages
1,258
We have 3 loans through Disney, under one master contract (no flames please--it's what works for us). The third is new this year, the other two we have had since 2007 and 2008. I was surprised to receive 3 individual 1098 statements (interest paid) this year, each with the contract number on it and corresponding interest. This is the first time we have received more than one statement, even though we carried two loans in previous years.

In IL we are able to deduct mortgage interest on ONE vacation home and have deducted the amount each year on our itemized deductions. But...is it going to matter this time if we have 3 separate statements? Does that make any sense???

I would appreciate any info!
Thanks!!!
 



















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