You cannot deduct down payment, the money paid is not a deduction; it simply reduced the cost of your home.
You can deduct:
1. Mortgage interest paid: Federal Taxes>Deductions
&Credits> Your Home, select Mortgage Interest and Refinancing
2. Points: Federal Taxes>Deductions
&Credits> Your Home, select Mortgage Interest and Refinancing (be sure to select an option
that applies to you on the Tell Us More
about Your Loan screen)
3. Real Estate Taxes: Federal Taxes>Deductions &Credits> Your Home>Property Taxes
4. Mortgage Insurance: Federal
Taxes>Deductions &Credits> Your Home> Mortgage Insurance
You cannot
deduct: settlement fees such as
appraisal fees, attorney fees, inspection costs, legal costs, recording costs,
stamps.
Please
refer to Buying
Your First Home link for details.
