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    AzJose's Avatar
    AzJose Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 25, 2007, 12:49 PM
    Judgement Interest?
    Curious if interest paid on a judgement would be able to claimed as a deduction? :confused:

    I am claiming Mortgage Interest, Property Tax so far.

    Also is a 1099-C claimed the same as 1099-Misc?

    Thanks Much!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 25, 2007, 07:20 PM
    Interest on a judgement is considered personal interest and is NOT deductible.

    Form 1099-C income is NOT claimed the same as 1099-MISC. It is claimed on Line 21 of Form 1040 as "OTHER INCOME".
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