Budmeister
Level 3
01-27-2023
03:06 PM
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Client was in loan forbearance In 2022 loan was re-cast into a new mortgage to include all the interest that was not paid during the forbearance period. The 1098 statement from mortgage broker shows the amount of interest as the amount from 2022 plus what was not paid over the forbearance period. Not sure that the past years interest (not paid) can be deducted because it was added to a new re-cast mortgage. Am I missing something? Any Thoughts? Thanks
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