topic Bought a house in dec all I hiave is closing statement what items on the statement can be used as a write off in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/bought-a-house-in-dec-all-i-hiave-is-closing-statement-what-items-on-the-statement-can-be-used-as-a/01/82014#M9312 Sat, 01 Jun 2019 03:06:41 GMT steelers824 2019-06-01T03:06:41Z Bought a house in dec all I hiave is closing statement what items on the statement can be used as a write off https://ttlc.intuit.com/community/tax-credits-deductions/discussion/bought-a-house-in-dec-all-i-hiave-is-closing-statement-what-items-on-the-statement-can-be-used-as-a/01/82014#M9312 Sat, 01 Jun 2019 03:06:41 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/bought-a-house-in-dec-all-i-hiave-is-closing-statement-what-items-on-the-statement-can-be-used-as-a/01/82014#M9312 steelers824 2019-06-01T03:06:41Z The purchase of a new personal residence is not a reporta... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-purchase-of-a-new-personal-residence-is-not-a-reporta/01/82019#M9313 The purchase of a new personal residence is not a reportable event.<BR />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<BR />Federal Taxes (or Personal if using Home and Business)<BR />Deductions And Credits<BR />choose I'll choose what I work on, if asked OR Jump to Full List<BR />My Home<BR /><BR />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. Sat, 01 Jun 2019 03:06:42 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-purchase-of-a-new-personal-residence-is-not-a-reporta/01/82019#M9313 jerry2000 2019-06-01T03:06:42Z