HelenC12
Expert Alumni

Deductions & credits

If you bought a personal residence, you don't enter it on your income tax return. Only when you sell your house. 

 

However, if you have mortgage interest, points or real estate taxes (from your closing statement), no, you can't legally claim them in tax year 2023 if you paid them in 2022.

  • You're a cash basis taxpayer. A cash basis taxpayer is a taxpayer who reports income and deductions in the year that they are actually paid or received.

Additional information: I bought a house, what can I deduct?

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