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Closing costs
I bought a home and closed on 2-1-23 and paid closing costs. I received a 1098 which only showed interest paid and taxes for half the year. On the closing statement it shows pre-paid tax and interest plus recording fees, processing fees appraisal fees etc. On the 1098 it showed no points. But on closing statement shows origination fees . What can I deduct on my Turbo Tax and why is not all deductible since all paid in 2023?
Where do I add the pre-paid interest and taxes that's on closing statement and where do i add the 2nd half of my taxes I paid ? Should all these closing costs be deductible? When I sell my home years from now will I have to pay closing costs again>
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March 1, 2024
8:51 AM