Tax Question - Mortgage Interest Statement

[izzy]

I received a Form 1098 from DVD reporting the mortgage interest I paid in 2007.

Are there any tax experts out there who can tell me if I can add this amount along to the interest paid on my home mortgage and report it on Form A? I have a primary residence, but own no other homes or timeshares, and I do itemize my deductions. I didn't buy into DVC until late August, and I neither used nor rented any of my points in calendar year 2007. (I can say that those points will be getting a workout in 2008, though - 7 day cruise, 11 nights at the AKV, and 4 nights at HH - yee haw!)

I apologize for asking for tax advice in a public forum, but I figured a lot of you probably knew what, if anything, I could do with this potential deduction.

TIA!

 

[SSRFred]

If you don't have a second home, you generally would have a deduction here. See IRS publication 936 for more information http://www.irs.gov/publications/p936/ar02.html#d0e537

and please talk to your tax professional before relying on any information you get from the internet, IRS pubs included.