Drew33820
New Member

Deductions & credits

Thanks for the reply. So, my idea of refinancing is no good. We have lived in the house for three years since it was built in 2020. I owner built it so there were no payments to a contractor, I'm assuming I need my receipts to prove cost of build for that deduction. So other than the purchase price, build cost (that I can prove), closing cost and our married filing jointly $500,000 there is no other deductions? Does the job relocation exemption help out any? The new jobs would be well over 50 miles from current.