RobertB4444
Expert Alumni

Get your taxes done using TurboTax

Yes, but be careful. 

 

Any mortgage interests or taxes that were part of the closing costs on any of the refinances were deductible in the year that you refinanced, not now.  Make sure to back those out. 

 

The rest of the closing costs should have been amortized over the life of the loan but if they were not they should be added to your basis for the sale.

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