Tax Year 2016: Bought a house in 2016 can I deducted the inspections

jakelaflamme18 — Wed, 03 May 2023 15:44:35 GMT

No, the inspections are not deductible for a personal res...

KarenL2 — Sat, 01 Jun 2019 05:06:03 GMT

No, the inspections are not deductible for a personal residence.

You can deduct any interest, property taxes, and most mortgage insurance premiums that are reported on the Form 1098 Mortgage Interest statement. You can also deduct any interest or property taxes from the settlement statement that are not already reported on the Form 1098 and not "pre-paid" and held in escrow.

Additionally, you can deduct qualified points paid on a mortgage and qualified mortgage insurance premiums. (Points can also be called loan origination fees, maximum loan charges, discount points, or loan discount.)

Where do I enter my 1098 mortgage interest statement?

https://ttlc.intuit.com/replies/4793767

Here's an alternate method to get there:

Federal Taxes tab (Personal in the Home and Business Version
Deductions and Credits
Your Home
Mortgage Interest and Refinancing (select Add a Lender if you have already entered one)

topic Tax Year 2016: Bought a house in 2016 can I deducted the inspections in Deductions & credits

Tax Year 2016: Bought a house in 2016 can I deducted the inspections

No, the inspections are not deductible for a personal res...