- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Closing costs are not deductible. They reduce your basis for sale purposes, but you do not deduct them.
Mortgage interest and real estate taxes are the only things that are deductible.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎July 14, 2020
10:25 AM