LindaS5247
Employee Tax Expert

Deductions & credits

To deduct your mortgage closing costs in TurboTax, go to the Deductions & Credits section of your federal return and select Start next to Mortgage Interest and Refinancing (Form 1098). If you have multiple 1098 forms due to refinancing, ensure they’re first entered correctly.

 

You would have to each claim your share of the costs.

 

These deductible costs generally include:

  • Real estate taxes paid at closing
  • Mortgage interest paid when the cost was settled
  • Interest paid at the house’s purchase
  • Loan origination fees, known as “points”


Click here for additional information on deducting mortgage closing costs.

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