Yes, you can use the property taxes and mortgage interest you paid on both properties for 2017. Be sure to include your points or loan origination fees from the purchase of the new home.
Mortgage interest and property taxes paid are deductible and the prorated share of property taxes from the settlement statement in the buyer column for the new house you purchased. Do not include money set aside in the escrow account for a future tax payment.
To record these expenses while you are logged into your TurboTax Premier account:
- In the search box type itemized deductions
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Jump to itemized deductions
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Continue to answer the questions and enter the information
