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Can I check off bought a home , if i'm renting to own?

 
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1 Reply
AmyC
Employee Tax Expert

Can I check off bought a home , if i'm renting to own?

If you have those expenses of a homeowner, you should check the box. The bought a home box is for the program to know if you will have property tax, mortgage interest, PMI, expenses that come with home ownership. 

 

A "rent to own" should have a mortgage calculation for the amount of interest you are paying.

 

These days, very few people actually claim those expenses on the federal, but you may be able on the state.

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