Probably not. If you paid any interest or property taxes at closing, you may be able to claim those amounts, but the amount would be small. The deduction is taken on Schedule A, which is only used if you Itemize Deductions rather than take the Standard Deduction. If you are not itemizing, and if this amount does not cause you to be able to itemize, it would not be reported. If this is a rental, you would add closing costs to the basis of the property. Keep your closing papers with your tax file. You may need to subtract closing costs if you sell the property and are liable for capital gains on the sale.
