Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

lrusch
Mar 22, 2009, 12:50 PM
Can I deduct interest this year that I paid in 2006?
ScottGem
Mar 22, 2009, 12:57 PM
Interest on what?
AtlantaTaxExpert
May 13, 2009, 11:38 AM
Does not matter what the interest is on, you CANNOT claim interest paid in 2006 on your 2008 tax return.
ebaines
May 13, 2009, 12:38 PM
Does not matter what the interest is on, you CANNOT claim interest paid in 2006 on your 2008 tax return.

However, you CAN file an amended return for tax year 2006 - that's form 1040X. You have 3 years from the date of your original 2006 tax return to file an amended return and get a refund back - so that gives you untill April 15, 2010 to file the amended return.
AtlantaTaxExpert
May 13, 2009, 12:45 PM
Agreed! Good point, ebaines!
IntlTax
Jun 12, 2009, 07:01 PM
Only certain types of interest paid are deductible for tax purposes (typically mortgage interest and investment interest).