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Deductions & credits
Question for @JulieS and @MinhT1: If the seller supplied funds can be applied to points or property taxes charged at closing, can the buyer deduct the points and property taxes on schedule A in accordance with pub 530? The seller still has to add these funds to his selling coasts and the buyer still has to reduced his basis in the home.
‎April 14, 2024
5:36 PM