MargaretL
Expert Alumni

Deductions & credits

It is OK and it is common to have no value on the origination loan/loan discount line if you didn't pay any loan origination fees at the closing.  At this point, no entries are needed on your tax return for loan origination.

If you paid any mortgage interest or real estate tax, you can deduct that.  It is also listed on Form 1098 that you should get form the lender.

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