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Deductions & credits
The premium. Most of the transaction costs of buying a home are treated as part of the purchase price -- this includes things like surveys and inspections, the bank attorney, title insurance, deed stamp taxes or recording fees, and so on. Obviously, you only include costs you actually pay (like the title insurance premium) and not the insured amount--the insured amount doesn't change the price you paid for the home.
‎June 4, 2019
2:17 PM