- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
There is no tax credit for buying a house. You can, however, deduct mortgage interest, property taxes and PMI. You must itemize to take these deductions and if these deductions are not higher than your standard deduction, they won't benefit you.
Here's how to enter your mortgage interest statement in TurboTax:
- With your return open, search for 1098 and select the Jump to link in the search results.
- Follow the instructions to enter your 1098 info
See this LINK for more information.
‎February 8, 2021
2:54 PM