Is the interest on an interest-only mortgage tax deductible?



Answer:
Yes, same as other mortgage interest (subject to the same limitations). You should get a form 1098 from the mortgage company or person you pay the interest to.
Yes but you could still be subject to amt (alternative minimum tax.)
Absolutely
What kind of idiot would get an interest only mortgage?
All of your payments are 100% deductible.

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