If I bought a hoise through owner financing and did all clsoing paperwork in a lawyers office, can I claim something on my taxes for this. I paid th e closing cost.

Forum|Forum|6 months ago
January 17, 2026
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Mike9241

Level 15

Some costs would add to your tax basis, while others would not be deductible or add to your basis. We can't see your closing statement. The most common and usually the only deductible expense for the buyer is points.

This answer would change if what you bought was property you were going to rent out

Mike9241

If I bought a hoise through owner financing and did all clsoing paperwork in a lawyers office, can I claim something on my taxes for this. I paid th e closing cost.

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