Skip to main content
Level 2
June 5, 2019
Solved

We put in an offer on a house in December 2017, and closed on the house at the beginning of January 2018. Would I put I purchased the house on this years taxes, or next?

  • June 5, 2019
  • 1 reply
  • 6 views
No text available
Best answer by MinhT1

You only became the owner of the house in January 2018. Only indicate that you purchase on your 2018 tax return (next year)

And you should claim the deductions related to the house such as mortgage interest and property taxes on your 2018 tax return.

1 reply

MinhT1Answer
Level 15
June 5, 2019

You only became the owner of the house in January 2018. Only indicate that you purchase on your 2018 tax return (next year)

And you should claim the deductions related to the house such as mortgage interest and property taxes on your 2018 tax return.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"