1. Yes, you can use your closing document to locate some possible deductions
2. Lenders use an array of terms for points (discount points, origination charges, etc) Points only would be a deductible expense. A single point is 1% of the loan value.
3. Premiums, property taxes and interest held in an escrow account (they are not actually paid yet) do not count as a deduction. Escrow accounts hold amounts for a future payout to the taxing authority or your insurance provider).
4. You can can use prepaid amounts held in escrow, but you can deduct property taxes paid to the taxing authority for 2017.
5. Realtor rebates reduce your home's basis. You can't deduct them because you didn't pay them. This just lowered your out of pocket expenses for the home.
Other Items on closing disclosure form that may be
deductible:
-
interest paid
at the time of purchase (the charge at closing would normally be done for
interest up to the date of first payment).
-
real
estate taxes charged to you.
-
points -
On a refinance they need to be amortized over the life of the loan; unless
the points were used to improve your main home.
Other fees, such as commissions, attorney fees, preparation
of deed, abstract fees, owner title insurance, recording fees are added to
the basis of your home, and not deductible.
https://www.irs.gov/pub/irs-pdf/p936.pdf
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