Is there a place to add down payments on a house

shawnanab — Sat, 01 Jun 2019 03:18:16 GMT

Is there a place to put down payments on a house

No. The purchase of a new personal residence is not a rep...

jerry2000 — Sat, 01 Jun 2019 03:18:17 GMT

No.
The purchase of a new personal residence is not a reportable event.
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 Is there a place to add down payments on a house in Deductions & credits

Is there a place to add down payments on a house

No. The purchase of a new personal residence is not a rep...