MayaD
Expert Alumni

Deductions & credits

For your primary, the only deductible closing costs are home mortgage interest and certain real estate taxes. 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”

For more information check: Can I deduct mortgage closing costs?

To enter property tax not reported on 1098:

  1. Sign in and open your return if you're not already in it.
  2. Inside TurboTax, search for property tax and select the Jump to link at the top of your search results.
  3. Answer Yes to the question Did you pay property or real estate taxes in 2023?

When you sell your home, both you and the buyer pay closing costs.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"