ThomasM125
Expert Alumni

Deductions & credits

The only things that may be deductible as stated on your closing statement for a home purchase would be property taxes and "points", which may be deductible as mortgage interest. Both of these may be reported on your Form 1098 however, so you need to be sure you don't double up your entries. Also, prepaid property taxes reported on your closing statement are not deductible, so you have to be careful regarding that.

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