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Deductions & credits
No, closing costs, including the below are not tax deductible but may increase the cost basis of your home which may benefit you in the event of sale.
Attorney fees in connection with obtaining property
Commissions
State stamp taxes and transfer taxes
Tax service fees
Title policy fees or title insurance
Miscellaneous abstracts of title, surveys, recording of deed
However, on a new loan, mortgage interest paid (including origination fee or "points"), real estate taxes, private mortgage insurance (subject to limits) are deductible.
May 31, 2019
5:36 PM