Carl
Level 15

Deductions & credits

After a day of looking, I finally found my info from two years ago. Don't know how helpful it will be though.

There are over 15 different versions of the HUD-1 out there. I am assuming you have the most current one, which you can see at http://www.hud.gov/offices/adm/hudclips/forms/files/1.pdf   Pay attention to line NAMES, and not just the line numbers only. Note that you only claim those items with an amount in the "Paid from borrower's funds at settlement" column.

Abstract & Recording Fees - 1201

Legal Fees - may not be on the HUD-1. If you hired legal representation, then it's whatever you paid the lawyer. If they are on the HUD-1, then it will be a write-in, probably in the 1300 section.

Title Search - Line 1101 unless entered as a separate write-in, in the 1100 section.

Owner's Title Insurance - Line 1103. (Note that Lender's title insurance is not deductible for the buyer)

Doc Prep - Usually included as "a part of" the origination charge on line 801. Otherwise, will be a write-in in the 800 block.

Land Surveys - Usually a write-in in the 1300 block.

Title Insurance - Line 1101

Transfer or Stamp Taxes - Lines 1202-1206