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Get your taxes done using TurboTax
@heaton934 If you just purchased a home, there's not much you can deduct for taxes, unless you purchased a Rental Property.
Real Estate Taxes and Mortgage Interest are the biggest ones. You should get a Form 1098 to report these in TurboTax.
If you look at your closing documents, there may be some extra real estate tax on them that is not included on Form 1098 that you paid at closing.
If you paid points to secure your loan, that will shown on your Form 1098 also.
Click this link for more info on Deducting Closing Costs.
If you did buy a Rental Property, all the closing costs are added to the Cost Basis of the property when you set it up in the Rental section.
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March 23, 2021
4:39 PM