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In 2015 I purchased a home with cash. I did not take a loan out to purchase the home. Therefore I have no mortgage payment. How do I claim this on my tax return?
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You can enter any property taxes that you paid in 2015 for the house. Otherwise, you have nothing else to enter for the home purchase if you had no mortgage interest in 2015. Other costs such as closing fees, etc. are not deductible.
You can enter any property taxes that you paid in 2015 for the house. Otherwise, you have nothing else to enter for the home purchase if you had no mortgage interest in 2015. Other costs such as closing fees, etc. are not deductible.
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