topic Can I claim county property taxes from my settlement statement? just purchased a home and on the 1098 does not have any property taxes in Deductions & credits

Can I claim county property taxes from my settlement statement? just purchased a home and on the 1098 does not have any property taxes

francisco-j-gonz — Mon, 03 Jun 2019 17:39:31 GMT

bought the house dec 28 2017 and paid over 3000 on county property taxes which is reflected on my settlement statement. the only thing my 1098 shows is the prepaid interest i paid. that's it. also can i claim any notary fees, escrow fee, owner's title insurance, VA funding fee, appraisal fee, underwriting fee, processing fees?

Yes, you can enter property taxes paid as designated on y...

Marketstar — Mon, 03 Jun 2019 17:39:33 GMT

Yes, you can enter property taxes paid as designated on your closing statement.

VA Funding fee is deductible, the other items specified above are non deductible closing costs that will add to the basis of your home'

Thank you what section in turbo tax do I go to claim that?

francisco-j-gonz — Mon, 03 Jun 2019 17:39:35 GMT

Thank you what section in turbo tax do I go to claim that?

The VA Funding Fee deduction has just been reinstated-you...

Marketstar — Mon, 03 Jun 2019 17:39:36 GMT

The VA Funding Fee deduction has just been reinstated-you will need to wait for a software update to enter. Will let you know when software updates. Your patience is appreciated,

Thank you very much

francisco-j-gonz — Mon, 03 Jun 2019 17:39:37 GMT

Thank you very much

Thanks for choosing TurboTax!

Marketstar — Mon, 03 Jun 2019 17:39:39 GMT

Thanks for choosing TurboTax!

You can now deduct the VA Funding Fee in the mortgage int...

Marketstar — Mon, 03 Jun 2019 17:39:40 GMT

You can now deduct the VA Funding Fee in the mortgage interest section on the Let's get the details from your lender page-apologies for the delay.

If the County taxes were paid in 2017(it sounds like they...

kerriP — Mon, 03 Jun 2019 17:39:42 GMT

If the County taxes were paid in 2017(it sounds like they were) they are deductible. None of the other items are deductible for a personal residence. Only mortgage interest, points and property tax.