I bought a house last year.and I bought it with cash.will I be able to get some money back or not ?

[Marketstar · Accepted solution]

There are no immediate tax breaks for buying a home (such as a homebuyer credit) for cash but keep in mind that you are allowed a deduction for all property tax paid including any property tax that you may have paid at closing that you may find on your HID-1 closing statement.

See What Information Do I Need From My HUD Statement

To enter property taxes in TurboTax Online:

• Click My Account (Top right of your screen)

• Select Tools.

• In the pop up window, select Topic Search.

• In the search bar, type in property taxes-real estate

Highlight it and select GO, and follow the prompts