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Deductions & credits
The deductions for your primary home are mortgage interest paid and property (real estate) taxes paid. You should get a Form 1098 from your mortgage company (one or two if applicable) which will have the amounts paid for each of these items for tax year 2020. You will enter the information as reported to you on those forms.
If the property taxes are not on the form 1098 for some reason, the amounts you show on the closing statement for "Property Taxes" can be used.
The other costs on your closing statement you keep a record of to use when you sell the property to help reduce any gain on the sale for tax purposes.
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‎February 28, 2021
9:05 AM