Mortgage Interest Paid

Today TaxMama hears from Christie who is facing an IRS audit. She says, “The IRS is saying I owe tons of money due to me not proving that my mortgage expense on my interest-only loan for the house I live in was indeed an interest expense. They say I have not proved that I paid the interest. I showed them the mortgage statements and year-end statement showing mortgage interest expense.
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Am I missing something?”

Dear Christie,

 Without seeing what you’ve sent IRS, I can’t really know what the problem is. 

However, here are some clues – and some tips to prove your case: 

1) Is the mortgage in your name?

2) Is that the same name as on your tax return? Or did your name change due to marriage, divorce, or you just liked a different name?
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If the name is the same – then the Form 1098 from the mortgage company showing how much interest was paid is helpful. If they want more, get a printout from the lender showing each payment made during the year.  So far, all that does is prove the mortgage interest was paid.
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It doesn’t prove WHO made the payments.

To prove YOU made the payments, give IRS a copy of the cancelled check for each payment.
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There are only twelve checks you need to produce, shouldn’t be hard.  If you don’t have copies, ask your bank to generate copies.  Good luck!

And remember, you can find answers to all kinds of questions about IRS audits and other tax issues, free. Where? Where else? At

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