how do i add that ive bought a home

Forum|Forum|8 months ago
January 28, 2026
2 replies
83 views

i bought a home and dont know where to add it to my existing filing account

TurboTax Online

Best answer by LindaS5247

Expert Reviewed

If you purchased a home in 2025, you would enter that information in TurboTax under "Deductions & Credits" as follows:

If you are using TurboTax Desktop:

Click on the tab "Deductions & Credits" in the gray bar near the top of your TurboTax screen.
Select "I'll choose what to work on"
Find "Your Home" (it is the first topic)
Select "Visit All" to the right of "Your Home"
Your screen will say, "Did you own a home in 2025?"
Select "Yes"
Answer the follow-up questions on the screens regarding your home purchase

If you are using TurboTax Online:

Click on "Deductions & Credits" under Federal in the left panel of your TurboTax screen
It will ask you if you received a Form 1098 (Mortgage Interest)
If you did, answer "Yes"
Answer the follow-up questions on the screens regarding your home purchase

Click here for Where do I enter my 1098 mortgage interest statement?

Click here for Home Ownership Tax Deductions

Click here for information on Buying Your First Home

Please return to Community if you have any additional information or questions and we would be happy to help.

xmasbaby0

Level 15

You do not enter that you purchased a home. But there are things about the home you can enter.

Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2025 You should have a 1098 from your mortgage lender that shows this information. Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.

Home Ownership

There is not a first time home buyers credit on a Federal return. That ended in 2010. If your state has such as credit, you will be able to enter it when you prepare your state return.

Buying a home is not a guarantee of a big refund. Your deductions for homeownership combined with your other deductions (if any) must exceed your standard deduction to change your tax due or refund. If you purchased your home late in the year, you do not even have a full year of home ownership deductions.

Your closing costs on your new home are not deductible except for prepaid interest, prepaid property tax or loan origination fees. There are no deductions for appraisal, inspections, title searches, settlement fees. etc.

Your down payment is not deductible.

Your homeowners insurance for fire, hazard, flood, etc. is not deductible for your own home.

Home improvements, repairs, maintenance, etc. for your own home are not deductible. (With possible exceptions for certain energy credits) (BUT——do make sure you keep careful written records/invoices, etc. of any improvements you make to the home for someday when you sell it.)

Homeowners Association (HOA) fees for your own home are not deductible.

Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund. The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach. The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.

2025 STANDARD DEDUCTION AMOUNTS

SINGLE $15,750 (65 or older/legally blind + $2000)

MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)

MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)

HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

LindaS5247Answer

Alumni - Intuit