topic How do i know im not missing any deductions for my home i bought in 2016 in Deductions & credits

How do i know im not missing any deductions for my home i bought in 2016

rachelfk87 — Sat, 01 Jun 2019 03:10:44 GMT

You can deduct mortgage interest, points, and real estate...

jerry2000 — Sat, 01 Jun 2019 03:10:46 GMT

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.

Go to Federal> Deductions and Credits> Your Home to enter...

xmasbaby0 — Sat, 01 Jun 2019 03:10:51 GMT

Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, private mortgage insurance and loan origination fees (“points”) that you paid in 2016. You should have a 1098 from your mortgage lender that shows this information.