Bees
Level 7

Get your taxes done using TurboTax

Ouch.  Your taxes are going to be higher because you took money out of your 401k and you may owe a penalty of 10% of that if you are under age 59 1/2. None of your downpayment is a tax deduction.

 The only things you will be able to deduct on a personal residence are the real estate taxes and mortgage interest paid. You will be sent a 1099 for the mortgage interest and should have the real estate taxes that are paid from your county. Also check your closing documents to see if there are interest charges and taxes prorated and paid by you.

Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.