Built a new home in 2022 with a construction loan. Jan 2023 construction loan converted to a standard mortgage loan. This is my primary residence that I now live in. I live in wa. state. What cost can i claim on my 2022 taxes?
If you itemize deductions then you can claim the RE taxes and the Mortgage interest reported on a form 1098 issued in January for the prior tax year. No other costs of building a primary residence are mentioned anywhere on an income tax return.
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