Can I deduct total closing costs on home that I purchased?

bdmcminn — Mon, 03 Jun 2019 19:09:19 GMT

No, you can not. You can deduct mortgage interest, points...

jerry2000 — Mon, 03 Jun 2019 19:09:20 GMT

No, you can not.
You can deduct mortgage interest, points, and real estate property tax paid at closing. You report those expenses along with other mortgage interest/property taxes paid in the year at
Federal Taxes (or Personal if using Home and Business)
Deductions And Credits
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My Home

All other costs paid at closing, including transfer taxes, "stamps", escrow fees, etc., are NOT deductible from current income, instead you add them to the cost basis of your home and you will get the benefit when you sell.

topic Can I deduct total closing costs on home that I purchased? in Deductions & credits

Can I deduct total closing costs on home that I purchased?

No, you can not. You can deduct mortgage interest, points...