ThomasM125
Expert Alumni

Deductions & credits

You said you only paid closing costs, so I assume you haven't made any loan payments yet. If so, then you don't have any mortgage interest to enter on your tax return. You may be able to deduct property taxes, but you can't deduct those if they are prepaid, so I don't think you would be able to do that either. 

 

I guess you could have paid points, which is a loan fee based on the loan amount. If so, you treat that as mortgage interest and enter it in TurboTax as such. That would be entered in the Your Home section of TurboTax, and then the Mortgage Interest, Refinancing, and Insurance section, in the Federal area of TurboTax under Deductions and Credits.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"