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Updated over 8 years ago,
Tax question in California...maybe other state too.
I'm a home owner, and pay my mortgage on the 1st of each month. As we are getting closer to the new year, I wanted to know if a January 2017 payment made in December 2016, would the interest on that payment be applied towards 2016 taxes, or 2017 taxes?
Thank you for your time and input...